To be fair, there are some drawbacks to using an IRA instead of a 401(k). For one thing, you can borrow from a 401(k) if you need to and then pay yourself back (with interest). There are also some ...

A 401(k) plan allows individuals to save for retirement with tax advantages and employer matches they forego when saving ...

The "super catch-up" provision will allow them to contribute an additional $11,250 instead of $ ... you are covered by a 401k. Another income limit that can hinder your IRA savings is the Roth ...

If your balance in your former employer's 401(k) plan is over $7,000, you can leave the money behind in the old plan or roll the assets into an IRA or your new employer's 401(k). But if your ...

Jacqueline DeMarco is a writer who specializes in financial topics. Her first job out of college was in the financial industry and it was there she gained a passion for helping others understand ...

Backdoor Roths and mega backdoor Roths are strategies used by high earners who aren’t eligible to contribute to Roth IRAs due to the income limits. The backdoor Roth and mega backdoor Roth strategies ...

TheStreet sat down with Lisa Greene-Lewis, CPA and TurboTax expert to explain the tax implications if you need money and dip into your IRA, 401k, or other retirement accounts. TurboTax Live ...

It's better to give your kids a small traditional IRA instead of $1.8 million since it's all taxable. On top of that, the children will likely earn income from jobs or businesses that will put ...

Fidelity and Schwab both offer plenty of no-load, no-transaction-fee funds with low minimum investments. Investors can choose ...

Most people's default way to save for retirement is a 401 (k) because it's offered through their employer and can be done ...

If you make too much to contribute directly to a Roth IRA, you contribute to a traditional IRA instead and then convert ... Can you do a backdoor Roth with a solo 401k? Yes, you can do a backdoor ...