Financial advisor fully funds their Roth IRA at the start of each year: It’s ‘essential for me’
Investing Early: Charly Stoever’s Strategy Even though it’s just February, Charly Stoever has already made a big dent in their investment plans for the year. As the founder of Traveler Charlie Money Coaching, Stoever kicks off each year by maxing out contributions to their Roth Individual Retirement Account. This means they’ve already hit the 2026 […]
3 Excellent ETFs for an IRA in 2026
Exploring IRA Options and Top ETFs IRA accounts can be a solid choice for those saving for retirement, especially for people lacking access to employer-sponsored plans like 401(k)s or 403(b)s. They’re also good for those seeking a broader range of investment choices than usually available in a 401(k). Both Roth and traditional IRAs offer significant […]
Roth IRA conversions become more popular as Generation X gets older. Should you make the switch?
February 13, 2026, 5:07 a.m. ET A Look at Roth Conversions and Retirement Savings A Roth conversion is essentially moving assets from a traditional retirement account, like an IRA or 401(k), into a Roth IRA. The catch? You pay income tax on the amount you convert in that tax year. However, the upside is that […]
Maximizing Your IRA Benefits in 2026
Maximizing Your IRA for Better Portfolio Management Tax advantages turn IRAs into a compelling tool for enhancing your investment strategy. Why This Matters: Each early year, a noticeable spike in contributions to individual retirement accounts occurs as investors prepare for the April 15 deadline. If you’re among those adding to your IRA, Christine Benz, Director […]
5 important reasons to avoid switching to a Roth IRA in 2026. It may cause more harm than benefit without your awareness.
Considering a Roth IRA Conversion? Here’s What to Keep in Mind Switching a traditional Individual Retirement Arrangement (IRA) or 401(k) to a Roth IRA certainly seems financially savvy at first glance. The idea is to take money from your retirement account, pay some taxes upfront, invest it in a Roth IRA, and then enjoy tax-free […]
I run a pool business in Phoenix and contribute the maximum to my IRA annually. I believe a SEP could be a better option for retirement savings, but my CPA disagreed. Who is correct?
Question from a Small Business Owner A small business owner running a pool service in Phoenix, Arizona, inquires about their eligibility for a SEP IRA despite their CPA’s suggestion that they do not qualify. They mention contributing to an IRA up to the maximum amount annually and seek advice on this matter, having researched the […]
A Financial Advisor Suggested Transferring $50K From His 401(k) To A Traditional IRA In 2021. Five Years Later, He Has Gained Only $2K.
Investor’s Retirement Fund Barely Grows After 401(k) Move In 2021, a 34-year-old investor decided to take conventional advice to heart. With guidance from a financial advisor, he transferred about $50,000 from his 401(k) into a Traditional IRA. Following that, he essentially did what most people are typically recommended to do with their retirement savings. “That’s […]
“I would rather put off making a decision.” My wife died at 59, but the adviser mishandled her $400K IRA, and now I believe I need to start RMDs sooner than I’d prefer. I need assistance.
My wife passed away in January 2023 at the age of 59 and had a traditional IRA that had never seen any distributions. I was the sole beneficiary. After her death, a financial planner set up an IRA in my name. I opened a new account and rolled over her assets there. This new account […]
Typical 401(k) and IRA balances reach all-time highs due to market gains in 2025.
Retirement Account Balances Soar in Third Quarter After a downturn in early 2025 due to market swings, retirement account balances hit new heights in the third quarter, as reported by Fidelity Investments, the leading provider of 401(k) plans. The average 401(k) balance rose by 9% year-over-year, reaching an impressive record of $144,400. Additionally, individual retirement […]
Retirement savings limits for 2026 rise as contributions for 401k and IRA are increased.
IRS Announces Increased Contribution Limits for Retirement Accounts The IRS has made some noteworthy adjustments to common retirement plans like 401(k)s and IRAs. Starting in 2026, those who contribute to plans such as 401(k) and 403(b) will see their contribution limits rise to $24,500, up from $23,500 in 2025. Additionally, IRA contribution limits will also […]