traditional IRA – Ground Reality

Ask an Advisor: I Earn Over 0k but Only Have 6k in Retirement Savings. How Can I Save More While Also Supporting My Family?

Ask an Advisor: I Earn Over $300k but Only Have $546k in Retirement Savings. How Can I Save More While Also Supporting My Family?

lakhtar3352 weeks ago014 mins

Financial advisor and columnist Michele Cagan SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn’t work and does not have…

How do Roth IRA taxes work?

lakhtar3353 weeks ago09 mins

FabrikaCr via Getty Images Individual retirement accounts, commonly known as IRAs, are a tax-friendly way to build retirement savings. A Roth IRA has unique benefits, especially compared to a traditional IRA. Understanding IRA contribution limits, tax implications, and withdrawal rules will help you understand how this financial tool can support you in retirement. A Roth…