individual retirement account

Fix This Roth IRA Mistake Before the IRS Nails You

Using Roth IRAs to save for retirement is one of the smartest moves you can make. What's not smart, however, is breaking the IRS rules governing IRAs. Fortunately, if you accidentally break the rules you can go back and fix things -- as long as you don't wait too long.

The Rules of Retirement for Women

According to a GAO report, women have a tougher time saving for retirement than men do. But women of all ages can take some steps to improve their financial readiness.

The 5 Most Dangerous IRA Mistakes You Can Make

There may be several good reasons to withdraw funds from your IRA before 59 1/2, but be careful, because the penalties and fees can add up, writes MoneyShow personal finance expert Terry Savage.

Retirement at Never: Are You Doomed to Work Til You Die?

Do you really want to work your whole life? An alarming number of workers think they'll have to -- and that number is rising. More than a quarter of workers age 50 and older expect to retire at 70 or later. Even worse, one in six Americans think they'll never be able to retire.

Retiring Solo: Singles Aren't Saving Enough

Most married people look forward to enjoying their golden years together -- at least in theory. But sometimes, reality is more bleak. For a host of reasons, millions of us may enter retirement on our own, and a large fraction of divorced, never-married, and widowed Americans aren't doing enough to prepare for it.

A 70-Year-Old Asks: Can I Afford to Retire?

Jack, 70, is still working full-time at an environmental agency for the state of Tennessee, earning $60,000 a year. He has no debt, and a good amount of savings, and an income property. What he doesn't have is a clear picture of whether he's in a good position to retire.

Save on Taxes with a Roth Conversion Right Now

Here's another reason not to panic about about the prospect of a bear market: Doing a Roth conversion while the market's down can save you in taxes. It's a little complicated, but completely worth it. Read on to find out how.

4 Fiscal Steps to Take Right Now

It's been a week of dreadful financial news in the U.S. Many people's instincts will tell them not to make any moves until the trouble blows over. But the best opportunity to significantly improve your financial footing often comes during the worst of the turmoil. Here are four areas in which even small steps, taken now, will help.

Six Ways to Avoid Common Retirement Planning Pitfalls

More than half of American workers have less than $25,000 saved for retirement, but having too little set aside is just one of many ways you can sabotage your later years. We examine some oft-made financial planning traps -- and the safe paths around them.

Why Now's the Time to Convert to a Roth IRA

Although you contribute after-tax money to a Roth, the withdrawals are tax-free, giving Roths an advantage over traditional IRAs. And from now till year-end, several unique conditions apply that make converting from a traditional IRA to a Roth even more advantageous.