IRAs and retirement
Individual retirement accounts (IRAs) can be a key part of your retirement strategy. Learn the benefits, differences between the types of IRAs and how they can they can help you meet your long-term savings goals.
With so many account choices, it can be difficult to know where to put your hard-earned money. Here's a closer look at IRAs, including whether you should add one to your retirement portfolio, convert an existing IRA to a Roth IRA or want to better understand the differences between them.
Do I need an IRA if I have a 401(k)?
Many times, you don't need to choose one over the other. There's value in exploring an IRA, even if you already contribute to a 401(k). Here's why.
Roth IRA conversions
It's worth considering the tax benefits to this retirement strategy. Here's what you should know when thinking about converting a traditional IRA to a Roth IRA.
IRA contribution limits and deadlines
Roth IRA and Traditional IRA contribution limits can change each year. Know the maximum contribution limits for Roth IRAs and Traditional IRAs and take advantage of these retirement savings options.
The difference between a traditional and Roth IRA
There are important differences between a traditional IRA and a Roth IRA. You may want to choose one over the other, or go with both. Taxes may affect your decision as well.