When you're investing in the future, you may come up against the choice of Roth IRA vs. Traditional IRA. Both are smart retirement investment options, but for different reasons. Recently, Echo Huang sat down with Marriage, Kids, and Money podcast to discuss which might be the better fit for you.
Once upon a time, if you inherited a Roth IRA, you would be able to stretch the inherited Roth IRA withdrawals out over your lifetime, letting the money grow over the years. Now though, the rules have changed. With the SECURE Act, which was signed into law in December of 2019, planning for an inherited IRA requires a little bit more effort and intention.
This is because the act imposes a new rule on inherited IRAs for any account whose owner died after December 31, 2019, requiring that
Recent world events have made it clearer than ever that it’s imperative to have a long-term financial strategy that allows you to weather volatile economic times. The Roth IRA is a popular tax-minimizing strategy, as it allows for tax-free growth and withdrawals in retirement, and many people make it part of their long-term financial plan. Unfortunately, high-income earners are either limited or ineligible when it comes to Roth contributions. At the moment, that means single individuals with