Browsing Tag
Individual Retirement Accounts (IRA)
185 posts
An IRA, or Individual Retirement Account, is a tax-advantaged savings account designed to help individuals save for retirement. Contributions may be tax-deductible (Traditional IRA) or made with after-tax income (Roth IRA), and investments can grow tax-deferred or tax-free, depending on the type. IRAs can hold a variety of assets, including stocks, bonds, and mutual funds, and are subject to annual contribution limits and withdrawal rules. Penalties may apply for early withdrawals before age 59½, though certain exceptions exist. IRAs are widely used as a supplement to employer-sponsored plans, offering flexibility and potential tax benefits for long-term retirement planning.
World’s First Crypto IRA Mobile App Launched
The first “cryptocurrency retirement app” is now available to the public, as Bitcoin IRA announced the release of…
Court Challenge to State-Sponsored Retirement Plans Fails
A challenge to the California Secure Choice Retirement Savings Program (CalSavers) by a taxpayer advocacy association failed last…
Bitcoin Inching Closer to 401(k)s
Bitcoin in retirement accounts is gaining traction, offering investors new opportunities in IRAs and 401(k) plans.
Biden’s ‘Historic’ Spending Plans Could Spur Rush to Roths
There could be a “cause and effect” in play in the retirement market as President Joe Biden unveiled…
The Stretch IRA Went Away With The SECURE Act—Here Are Other Options
While not its own type of IRA, a stretch IRA had been a go-to strategy for estate planning…
Fidelity: Retirement Balances (and 401k Millionaires) Hit Record Levels in 2020
Despite ongoing economic uncertainty, Fidelity Investments reports today that individual contributions to all three retirement account platforms remained…
Top 401(k) Best Practices Story of 2020: A Plea for More Roths
Don’t blame us, we just work here. The most-read story on 401(k) best practices in 2020 involved controversial…
Why the Future is Roth
Demographics, increasing prevalence in defined contribution plans, and potential tax changes fuel a bullish outlook for Roth accounts…
Bringing Sunlight to Dark Corners of Safe Harbor IRA Fees
401(k) plan sponsors know all too well that sunlight—coming in the form of transparent fees and disclosures—is vital…
2021 401(k) Contribution Limits Released: IRS
As was widely expected, 401k contribution limits will not increase in 2021, the Internal Revenue Service (IRS) announced…