Roth individual retirement accounts (Roth IRAs) and 457 plans are tax-advantaged ways that can help you save for retirement. Although the end goal is the same, they do work very differently.

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can ...

529 plans are for education, while Roth IRAs are for retirement. But you can use either—or both—of these tax-advantaged plans to boost college savings.

RMDs: Beginning at age73 (or 75 if you were born in 1960 or later), you must begin taking RMDs from your 401 (k), even if you ...

There used to be what you might call “backsies” or a “do-over” on converting money from a traditional IRA to a Roth. You ...

In the 529 vs. Roth IRA contest, the Roth IRA often wins. But there are situations where a 529 plan makes more sense, and financial aid is an important consideration.

In this piece, we’ll check in on a case of a 20-something-year-old individual who took to the r/MiddleClassFinance subreddit ...

529 plan vs Roth IRA: Which one is better? If you’re trying to pick the best account to save for your child’s education, 529 plans and Roth IRAs are both solid options.

Roth IRA vs. 529 plan: When kids don't attend college. At first glance, Roth IRAs seem to win on flexibility. After all, if your child doesn't go to college or needs less money than you expected, ...

For 2024 and 2025, you can contribute up to $7,000 a year ($8,000 if you’re age 50 or older) to a Roth IRA. For 529 plans, there is a contribution limit set by the Internal Revenue Service (IRS ...

So, for some people, the Roth IRA vs. 529 plan debate is irrelevant because you can’t even put money in a Roth IRA if your income is too high. You Need to Catch Up on College Savings.