Personal Finance Buzz

One of the best retirement planning tools out there is the Roth IRA. However, there are people who don’t know about the Roth IRA. That’s actually too bad for them. The Roth IRA is a great tool for many who are looking for a way to increase their nest eggs, while reaping specific tax benefits.

How To Do A Roth Recharacterization And Avoid Costly Mistakes. A Roth recharacterization is a “do over”. It’s undoing a Roth conversion. If you do a Roth recharacterization, you have until October 15th of the year after you convert to a Roth, to undo it. So if you converted to Roth in 2010, you have until October 15, 2011 to undo it.

The best way to save for retirement is by maxing out your Roth IRA. The Roth IRA is a tax-advantaged retirement account that gives you tax-free growth.

There is a lot of debate regarding whether to open a traditional 401k or a Roth-401k. I clear up the confusion in this article.

The temptation to withdraw from a Roth to fund a college education or put a down payment on a house is real, so it is important to make sure you are meeting the Roth IRA withdrawal rules. Otherwise, your Roth IRA could cost you.

Should You Contribute To A 401K Or Roth IRA? Which is the best IRA investment choice? If the Roth is as good as everyone says it is, should you consider converting your 401K to a Roth or Roth 401k?

The Roth 401(k) combines some of the great parts of the Roth IRA and the traditional 401k. Here's a look at some of the benefits of the Roth 401(k)

It's good to review the Roth IRA rules periodically to ensure you can make Roth IRA contributions for the current tax year. The IRA Roth rules aren't that complex.

It's just too important to start saving in a Roth IRA at the earliest possible time you can. As soon as my son has earned income, you can bet I'm opening a Roth IRA for him.
I opened my Roth IRA as a grad student back in 2000. Since that time I've scrimped and saved every penny I could to make sure I maxed out the amount I could contribute every single year.