Tags » Traditional IRA

Frightening revelations about 401(k)s

Retirement may seem like a long time away, but the key to building a lot of wealth is to start investing when you’re young.  As millennials, that means when we’re in our 20s… 30s at the latest.   419 more words


IRS impersonation scams prey on taxpayers

The FTC’s Bureau of Consumer Protection is advising consumers about a tax scam that has resulted in an “explosion of complaints about callers who claim to be IRS agents – but are not.” These IRS impersonation scams count on people’s lack of knowledge about how the IRS contacts taxpayers. 61 more words


No paperwork means no deduction

Did you give contributions to qualified charities during 2014? Be sure to get a receipt. Tax rules are strict when it comes to substantiating your contributions. 56 more words


Traditional vs. Roth IRAs

Okay, so you want to start a retirement account after reading my last post on retirement. But, where do you start!?

Let’s take a look at IRAs (Individual Retirement Accounts). 711 more words


Traditional or Roth? - IRAs Explained

The difference between choosing to invest in a Traditional IRA over a Roth IRA could be tens of thousands of dollars over the course of your investing career. 856 more words

Personal Finance

I kept putting this post off because it felt like a lot of work

Ladies and gentlemen…Traditional and Roth IRAs.

A few weeks ago, I had a meeting with a financial adviser to discuss opening a retirement account.  “But you’re only 22!” you might say.   456 more words

Clock's ticking on IRA contribution deadline

As I said in a previous post, if you have spare funds to invest after you’ve built up a rainy day fund and fully utilized your employer’s 401(k) match, the best place for millennials to put those funds is in a Roth IRA.   249 more words