Can I Have a 401(k) and an IRA?
Short answer: Yes, you can contribute to both a 401(k) and an IRA, but if your income exceeds the IRS limits, you might lose out on one of the tax…
Andrea is a former NerdWallet authority on retirement and investing. Her stories have appeared in The Wall Street Journal, the SanFrancisco Chronicle, MarketWatch and elsewhere. She has been interviewed onTV and radio, including NPR’s “All Things Considered,” and quoted by national publications such as Fortune, Time and CNBC.
Short answer: Yes, you can contribute to both a 401(k) and an IRA, but if your income exceeds the IRS limits, you might lose out on one of the tax…
Yes, you can contribute to a Roth IRA and a 401(k) at the same time. Can you have a Roth IRA and a 401(k)? You can contribute up to $19,500…
Fear is infecting the stock market on concerns that the spread of the coronavirus will interfere with global trade: Trading was halted for 15 minutes today after the stock market…
While 403(b) plans and IRAs are both retirement accounts that offer tax benefits, a 403(b) is not an IRA. Both types of plans do allow for pretax contributions — that…
Are IRA contributions tax-deductible? Yes, IRA contributions are tax-deductible — if you qualify. To be clear, we’re talking here about contributions to a traditional IRA. Contributions to a Roth IRA…
IRA stands for individual retirement arrangement. That’s the old-school, official IRS parlance, but most people think of IRAs as individual retirement accounts, and that’s exactly what they are. While there…
Can you borrow from an IRA? The quick answer is no, you can’t. That said, there are some ways to get money out of your traditional IRA or Roth IRA…
If someone in your life was kind enough to bequeath you their Roth IRA, bow your head in thanks. Then? Create a plan for what to do with that money.…
There’s a new law in town, and it wants to help you improve your retirement savings outlook. It’s called the Secure Act. What is the Secure Act of 2020? The…
Every once in a while, your Future Self sends you a brainwave. This is one of those times. Thank your Future Self, because, yes, you probably should be investing. Here’s…