Saving for retirement in a dedicated account is always a wise idea, but the best account to use will vary by age. That’s because your income tends to increase over time, so what makes more sense ...

Preparing for retirement early is so helpful for financial wellness. Here, learn about 401(k) versus Roth IRA accounts, two strategies for saving. When I was 21, my boss asked me to schedule a meeting ...

Roth 401(k) and Roth IRA contributions occur on an after-tax basis. You can withdraw Roth funds tax-free in retirement. The original account owner also avoids future required withdrawals, which ...

For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...

A Roth IRA and traditional IRA both have the same goal: to help you save for retirement and ensure you don’t spend your golden years struggling to make ends meet. The key difference between a Roth and ...

“It’s best to use Roth accounts when you have a long time horizon or are in a low tax bracket,” said Scott Meyer, wealth manager and partner at Merit Financial Advisors. “The reason is if you are ...

If you're a new investor, you have several decisions to make. For example, you must determine where to invest. Ideally, you want an investment vehicle that allows your money to grow steadily over time ...