Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.

While retirement is a joyous time to relax and celebrate years of hard work, it doesn’t come without financial considerations ...

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two ...

An IRA may not be the most exciting investment in your portfolio, but it's certainly versatile. An IRA, or individual ...

Opening a traditional IRA is a fairly straightforward process involving only a few steps. Here's what you need to know to ...

The key feature of this account is its tax advantages: contributions to a traditional IRA are tax-deductible, meaning you don’t pay taxes on the money you contribute in the year you make the deposit.

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a ...

Older taxpayers can kick extra dollars into a traditional IRA or Roth IRA. But there’s only one way to do that if you’re retired, and only one of the accounts yields a tax deduction. To contribute to ...

If you have access to a 401(k) plan at work, the IRA tax deduction is phased out for ... to pay income tax on the investment growth in your traditional IRA each year. Taxes won't be due on the ...

Exceptions to the five-year rule. After opening and contributing to a Roth IRA, you’ll need to wait five years to begin tax-free withdrawals of investment earnings. “The very first ...

This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers about: itemization. Like most taxpayers, our household usually takes the ...

With a traditional IRA, you can still get a tax deduction without requiring access to an employer plan. However, your tax break may be limited if you also participate in an employer plan.