Early withdrawals from a traditional IRA will result in a 10% penalty and taxes owed on the withdrawn amount. You can withdraw contributions, but not earnings, from a Roth IRA at any time without ...

If the complexity of the Roth vs. traditional IRA decision is preventing you from opening an account, just know that simply ...

With a Roth IRA, you contribute after-tax dollars, so there is no tax deduction when you put money in. The benefit comes later because your investments grow tax-free and qualified withdrawals in ...

Here’s how to avoid rampant confusion about MAGI, tax-free Roth IRA withdrawals and charitable donations using IRA funds.

The IRS caps contributions to retirement savings plans to prevent high earners from benefiting more from the tax breaks than ...

Oh boy! Did I get your attention? You say, “But Kelly! I thought all Roth IRA distributions were tax free!” I say, “Not so fast, Sparky.” This is embarrassing. I used to think like you. Then I got my ...

I'm so sorry to hear this. That has to be rough. I'm going to assume all the funds in the traditional IRA are pretax. Unless an exception applies, taking any of those funds or earnings from your Roth ...

Although saving and investing for retirement looks different for everyone, the end goal is typically the same for most people: ensure you have enough saved to have as financially stress-free of a ...

When it comes to saving and investing for retirement, there aren't many better routes than utilizing retirement accounts. The most popular option is a 401(k), but it's not the only viable option. IRAs ...