Roth IRAs can be funded at virtually any age. That means individuals can fund accounts with the intention of passing them on to heirs. Beneficiaries inherit the potential to withdraw the funds tax-free.
Archive for 'January 2015'
The central bank acknowledged a strengthening U.S. economy in its policy statement on January 28, but reiterated that it will "be patient" in making policy moves.
Simplified Employee Pension IRAs offer a tax-advantaged way to save, but workers are responsible for managing their own accounts.
There is still time to establish and fund a SEP IRA for the 2014 tax year. Small-business owners can reduce their tax bills, while helping their employees save for retirement.
The saver's credit is intended to encourage moderate-income workers to contribute to employer retirement plans.
The three months leading up to the April 15 federal tax filing deadline are considered peak IRA season, when investors still can make contributions for the year just ended, as well as for the new year.