Use a Roth vs. traditional IRA calculator to help you decide between the two. Roth IRA v. IRA: Withdrawals. Withdrawing from your traditional IRA before age 59 and a half comes at a cost.

For 2025, traditional and Roth IRA contributions are capped at $7,000 with a $1,000 catch-up for those aged 50 and over. Article Sources Investopedia requires writers to use primary sources to ...

Have an issue with your financial planner or looking for a new one? Email questions or concerns to [email protected].

The average payout could drop to $1,580 per month after 2034 -- a 19% drop from the current average retirement payout.

Investing is filled with unfamiliar terms and complex strategies, so it’s no wonder many people feel intimidated when ...

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 ...

If you can save some of your graduation cash, a Roth IRA offers a unique chance to grow your money 100% tax-free for years—but it’s an opportunity with a limited window.

This traditional IRA/401(k) setup is definitely advantageous if the worker was in a higher tax bracket when making retirement fund contributions than they find themselves in during retirement.

How to Convert a Traditional IRA to a Roth after 60 Get Kiplinger Today newsletter — free Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance ...

He has never contributed to a Roth IRA, but has been investing 14% of his income into his workplace 401(k) plan. He’s 42 with $250,000 in his 401(k) now and is debating whether he should reduce ...

While a conversion can be the right thing for some retirees, or soon-to-be-retirees, to do finance experts suggest 10 times ...

While this Roth IRA pitfall may be fairly obvious, it bears stating in full. With a 401(k) you usually can earn a company match, but that's not an option with Roth IRAs.