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 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.
The differences between a Roth and traditional IRA
There are important differences between a Roth and a traditional IRA. You may want to choose one over the other, or go with both. Taxes may affect your decision as well.
IRA contribution limits
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.
Backdoor Roth IRA tax benefits
If you earn too much to contribute to a Roth IRA, you could still benefit from its ability to provide tax-free earnings through a backdoor strategy.
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.
FAQs about IRAs
Find answers to commonly asked questions about traditional IRAs, Roth IRAs, rollovers and more, organized by topic.