A guide to tax diversification in investing
We outline a variety of investment accounts with different tax treatments that can help you lower your taxes now and into retirement.
Your money goes further when you leverage tax-advantaged accounts. IRAs can help maximize immediate and future tax savings and provide a source of income during retirement.
Learn how IRAs work, including IRA tax advantages and other IRA benefits, and understand the difference between an IRA and 401(k), with our at-a-glance guide to individual retirement accounts.
Look beyond your 401(k) or pension to maximize the power of your retirement savings.
An individual retirement account (IRA) can be a key element of a retirement plan, but the first step is to determine which type or types of IRA accounts fit your situation.
The three most common types of retirement investment accounts are a 401(k), traditional IRA and Roth IRA.
Get the maximum tax benefit possible by leveraging the different types of accounts available to help you work toward your financial goals.
If you’re the type of investor who likes to do your own research, managing your own IRA could be a good option for you. Review the pros and cons of a self managed individual retirement account.
Employer retirement plans allow you to invest with ease while working toward financial security. These tips will help you maximize the benefits.
If you’re 50 or older, learn how to take advantage of catch-up contributions and allocate more money to your 401(k) or IRA annually.
When it’s time to make a withdrawal from an IRA, you’ll want to make sure you’re following the rules. Take steps to maximize your tax savings and avoid penalties.
Qualified retirement plans like IRAs and 401(k)s benefit from tax breaks, but you must follow the withdrawal rules to make sure you aren’t penalized instead.
If you’re a beneficiary of someone’s IRA, your inheritance will come with options and requirements.
If you have an IRA or have contributed to an employer-sponsored retirement plan, it’s vital to know the rules around RMDs, including deadlines and how to calculate required minimum distributions.
It’s possible to enhance your giving and save on your tax bill. Qualified charitable distributions and gifts of appreciated stocks offer prime opportunities.
Whether you’re just dreaming about retirement or already enjoying it, you need a savings strategy that adjusts as your life evolves. When you’re ready to create – or update – your IRA strategy, these resources are a great place to start.