If you’re 60 years old with $1.2 million saved for retirement in a traditional IRA, you may be starting to think about ...
Early withdrawals from a traditional IRA will result in a 10% penalty and taxes owed on the withdrawn amount. You can withdraw contributions, but not earnings, from a Roth IRA at any time without ...
When it comes to saving for retirement, the Roth and traditional IRA are like two sides of the same coin. Both offer powerful ways to grow your savings, but they come with distinct tax advantages — ...
Retirees often need to manage their Roth IRA conversions based on when their tax impact will be the lowest. For most people, this is when they are no longer actively employed. As Required Minimum ...
In the current volatile economy, it may not be surprising if clients want to raid their retirement savings before age 59½. It’s never a good idea, experts say, but if it’s absolutely necessary, there ...
Currently Managing Director of Motley Fool Money, Brendan has worked full-time for The Motley Fool since 2011. He has written hundreds of articles for The Motley Fool and provided analysis on TV ...