A defined-benefit Keogh would allow you to sock away a lot more, with the amount you contribute depending on your age and compensation. It makes the most sense for someone older making a significant amount of money. |
A Roth 401(k) or a Roth IRA takes the uncertainty out of predicting the future. |
A simple event like that, imagine. She went to her death thinking that maybe her husband was taken care of, but it wasn't that way and now he didn't get a cent. |
All the calculators do is project an interest rate and a tax rate for retirement. You can't rely on that. It's a guide, maybe. |
Every time something like this has happened in the past, people were grandfathered into the program. |
Everything is date-sensitive now, |
If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances, |
If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances. |
If you've planned a late wedding it may pay to put it off a few days into 2000 because the savings over (both) your lifetimes may pay for a few weddings for the kids. |
It isn't a killer deal to drop 2 percent. Only if it's a huge holding. But the bigger the holding, the more market risk there is. I wouldn't bank on that. |
It's a nightmare, ... Your Tax Questions Answered. |
It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension. |
It's the best motivation to save for retirement that we've seen in America. Everybody should be in the Roth game if they can. |
Most advisers don't realize non-spouse beneficiaries cannot do a rollover, |
Most people treat IRA contributions like they're paying a bill. They should think about it as paying themselves. |