A 401 (k) is the most popular type of retirement account, but it's not the only option available. Others, like individual ...

When the economy feels shaky, it's tempting to focus on short-term concerns over long-term goals — especially when it comes ...

Fidelity Investments advises people to keep these three "A" words in mind: amount, account and asset mix. Here's why these ...

Avoid costly tax mistakes with your IRA. Learn how skipping IRS Form 8606 cost one investor $50,000—and how you can protect ...

The Internal Revenue Service (IRS) announced on November 1, 2024, that the maximum contribution limit for 401(k), 403(b), most 457 plans, and the Thrift Savings Plan will ...

For 2025, the IRS left unchanged its 2024 total contribution limit of $7,000 for traditional and Roth IRAs, plus $ 1,000 catch-up contributions for individuals over 50.

The annual contribution limits for an SEP IRA are significantly higher than those of traditional and Roth IRAs. A SEP IRA could be an ideal retirement plan if you own your own business and don’t hire ...

Just keep in mind that -- unlike traditional IRAs -- there are income-based limits to Roth IRA contributions. On balance it doesn't seem to matter much either way.

How a Backdoor Roth IRA Works The backdoor Roth IRA is an IRS-sanctioned strategy for individuals whose income exceeds Roth IRA limits to get the perks of tax-free growth and tax-free withdrawals ...

The challenge with Roth IRAs is that contributions are subject to an annual contribution limit, currently $7,000 ($8,0000 for those age 50 and older). Income limits also apply.

You can make reduced contributions at income levels between $150,000 and $165,000, and you cannot contribute to a Roth IRA if your income is above $165,000. For married couples, this phase out ...