Saving for retirement can be very difficult for married spouses who stay home to care for family or otherwise have little ...

You can have multiple Roth IRAs, but your total contributions must stay within the annual limit, requiring careful tracking ...

Convert funds from a traditional IRA or eligible employment-sponsored retirement plan. Depending on where you open an account, you may have the option to choose a self-directed Roth IRA or an ...

Open a Roth IRA: If you don't already have one ... You do not want the funds to be sent to you but rather directly to the new account. If the check is sent directly to you, a 20% tax withholding ...

A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.

As bad as the situation is, there is one silver lining: Although converting money from one account to a Roth IRA will still require you to pay taxes, your tax rate is likely to be lower than it ...

The Roth IRA also doesn’t have required minimum distribution (RMD) rules, so the OP will have more flexibility in when and how he withdraws money from that account. Roth IRAs can also be opened ...

Juliana N., an 18-year-old, newly minted high school graduate from Naples, Florida, began her money management education early in life. She was named the 2025 Charles Schwab Money Matters ...

I’m sorry your father died when you were so young. My mother passed away my freshman year of high school, and I had family ...

Andresr / Getty Images Contributing to a Roth IRA can be a great way to save for retirement, but putting too much money into your retirement account in any given year can trigger tax penalties.

The proposed accounts offer babies a government kick-start, but they come with more restrictions than 529 college savings ...

Several online brokers make it easy to open a Roth IRA, including Charles Schwab ... up an automatic monthly contribution are your bank account number and routing number. Once your automatic ...