#roth-ira

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fromBusiness Insider
2 days ago

I'm a millionaire dad who started investing for my 3 kids when they were born. Here's my advice for other parents.

"I believe the Roth IRA serves as an exercise to teach the kids to set aside money and see how fast it will grow due to compounding interest."
Parenting
#retirement-planning
from24/7 Wall St.
1 week ago
Retirement

I've been doing the Mega Backdoor Roth religiously for 5 years. Should I consider prioritizing less in these accounts to increase accessibility of funds for early retirement?

from24/7 Wall St.
1 week ago
Retirement

I've been doing the Mega Backdoor Roth religiously for 5 years. Should I consider prioritizing less in these accounts to increase accessibility of funds for early retirement?

Retirement
from24/7 Wall St.
2 months ago

I am 63, still earning, and eyeing Roth IRA funds for renovations. Is that a mistake?

Age 59 1/2 marks penalty-free access to Roth IRA, needing 5-year account opening.
Evaluate financial options before using Roth IRA funds for home renovations.
Retirement
from24/7 Wall St.
2 months ago

401(k) Rollover vs. Roth IRA: Which Is the Smarter Move?

The Roth IRA offers tax-free growth but isn't a universal solution; alternatives may be better based on individual financial situations.
from24/7 Wall St.
3 months ago

Can I Withdraw My Entire Roth 401k Contribution After 5 Years?

Understanding the five-year withdrawal rule for 401(k) accounts is critical but often misunderstood.
Retirement
from24/7 Wall St.
3 months ago

I Discovered Backdoor Roth IRAs Too Late: Can I Still Make Them Work Before Retirement?

It's never too late for high-income earners to consider a backdoor Roth IRA for tax-advantaged growth.
from24/7 Wall St.
3 months ago

Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

Maxing out a Roth IRA provides significant tax benefits for retirement savings.
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