The traditional IRA is one of the best options in the retirement-savings toolbox. You can open a traditional IRA at a bank or a brokerage, and the universe of investments is wide open to you.

The main difference is when you pay income taxes on the money you put in the plans. With a traditional IRA, you pay the taxes on the back end - that is, when you withdraw the money in retirement.

Taking withdrawals from an IRA before you're retired is something you should do only as a last resort. There are a few reasons why. If you withdraw money from a traditional IRA before you turn 59 ...

If you're ready to start investing for retirement, an IRA may be one of the best tools out there to maximize your money and minimize your tax burden. Many, or all, of the products featured on this ...

Roth IRAs are a smart way to save for retirement and avoid high tax bills later in life by contributing to one of the best Roth IRA accounts in tandem with other retirement savings vehicles ...

In our analysis, the best IRA accounts offer a large selection of low-cost mutual funds and ETFs, helpful retirement planning tools, educational guidance and strong customer support. Many ...

Compliance with IRS rules and strict avoidance of prohibited transactions are crucial for self-directed IRA investors. Self-directed IRAs offer diverse investment options like real estate ...

When you convert funds from a traditional IRA or 401(k) to a Roth IRA, you’re essentially converting pre-tax dollars to after-tax dollars. This conversion triggers a taxable event, meaning you ...

They can’t rely on a company for a retirement plan, and the modest contribution limit for a traditional or Roth IRA just isn’t going to cut it. Rather than run the risk of having a lower ...

Find out if you can reduce your debt with these 3 steps First things first, let’s get the basics down pat. A Backdoor Roth ...

The table below explains some must-know terms about IRA RMDs for an account you've inherited. Term What It Means Eligible designated beneficiary Eligible designated beneficiaries include the ...

Roths are the youngsters of the retirement savings world. The Roth IRA, named after the late Delaware Sen. William Roth, became a savings option in 1998, followed by the Roth 401(k) in 2006.