A Roth IRA gives you tax-free growth and withdrawals in retirement. Take money out too soon, however, and you'll face income taxes plus a 10% tax penalty.

Both accounts provide benefits, but your future financial situation plays a big role in determining which makes sense for you.

Looking for ways to get more tax-free income in retirement? You should check out the mega backdoor Roth tax-planning strategy. That is assuming you have already maxed out your Roth IRA and 401(k).

As financial advisors, our heroics don’t typically make for riveting dinner conversation, but in our daily duties, we frequently step in and save the day. We wield advanced modeling tools to optimize ...

Ultimately, the answer to your first question comes down to your personal finances. What you have for your retirement, what you need to live on in your retirement and how much, if anything, you want ...

Nearly a quarter of U.S. households own a Roth IRA, yet they account for just 10% of the $13.6 trillion in total individual retirement arrangements assets, mostly funded by direct contributions. But ...

When saving for retirement, more time in the market can be beneficial depending on your goals and risk tolerance. Generally, the longer your investing timeline, the greater the opportunity to save and ...

The IRA is a cornerstone for many, allowing you to build a nest egg with investments that fit your risk profile. You pick the financial institution; you manage the investments. In other words, it’s ...

A traditional 401 (k) used to be the standard for retirement savings, but the Roth 401 (k) has surged in popularity in recent ...