Traditional IRA Roth IRA Age Must be under 70½ by the end of the calendar year No age limits Income You must have a regular income (No Maximum Income Limits) For the year 2013, You must not exceed the income limits:     If single, up to $112,000     If not single, up to...

Investors look for different ways and means to bring down their investment costs. More than often, there are no hidden costs involved with Mutual Funds and so investors tend to compare their mutual funds based on the fees only. But 401(k)s tell a different story altogether. Most investors aren’t even aware of the total cost they incur...

Starting out your investment journey with a 401(k) maybe a popular way to save for retirement, but it isn’t the only choice you have. It’s good to get started, but you should not completely rely on your company 401(k). However, one should make sure to that he contributes the sufficient amount to avail full benefit of the...

Roth IRA is considered a better investment vehicle over Traditional IRA, but it takes a groomed mind to understand the inherent tax incentives, and how they can benefit in the longer term. People with sufficient investment experience prefer to invest in Roth IRA over Traditional IRA. A newbie may not find Roth IRAs much attractive...

You should not miss the opportunity to make the most out of your contributions to an IRA especially when the Tax Season is just around the corner. As you must be aware that contribution limits to your IRA keep on changing every year, so to take full advantage of your retirement savings you should stay...

Fear of economy falling into another recession is causing consistent shocks in the stock market and the ongoing slowdown in housing market have raised uncertainties for the people who are about to retire. With jittery markets and property prices they do not have much of a reliable option left. In such situation should they try...

Retirement is the deference given to you for your years of service. When some would say, ‘Life begins after retirement’, some find it very difficult to expend that time due to lack of activities and weak pecuniary position. Retirement is a very critical chapter in a person’s life and should be spent in a lighter vein.