The GOP megabill provides newborns with tax-advantaged investment accounts. Here’s the best advice for how to manage them.

Roth IRAs can be an attractive addition to your portfolio, but boy, are they surrounded by rules and regulations. It's easy ...

An IRA — a tax-advantaged investment account — is a woman’s ticket to closing the retirement savings gap. Here are the main ...

The budget bill signed into law on Friday includes a provision for investment accounts for newborns. Citizens born between ...

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or ...

Key Takeaways. Retirement savers under age 50 can contribute up to $7,000 to an IRA in 2024. An IRA is not a type of investment; instead, it's a tax-advantaged account that holds investments.

One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

A 401 (k) is an employer-sponsored retirement plan that allows employees to save a portion of their salary, usually on a ...

These ceilings apply to all IRAs held, Roth and Traditional combined. In concrete terms, you cannot contribute $7,000 to a ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...

First, realize that $121,983 is the average IRA balance across all age groups. If you're 32 years old, you can't compare yourself to an IRA saver who's 59. They've had so many more years to contribute ...

Choose a Roth IRA if you expect to make more money in your later years — and thus in a higher tax bracket. It makes more sense to pay taxes today to take advantage of your current low tax rate ...