For millions of Americans, an Individual Retirement Account is a critical piece of their retirement plan. If you are eligible for an IRA, you should be contributing to it each and every year, period.
But if you want to make the very most of your IRA, you must avoid the mistakes that cost many people dearly.
Let’s take a look at the nine most common.
Next: IRA Mistake #1: Not Contributing Because of Stock Market Volatility
Alert: New 401(k) Danger
Dolan alert! The government is making it even easier to make early withdrawals on your retirement funds. We have the scoop on why you should stay far away from these new 401k debit cards. Read More.
IRAs: The Retirement Tool You Absolutely Need!
We'll tell it to you straight: The single best step you can take to living the retirement of your dreams is to contribute the maximum amount allowed to an IRA. Here's what you need to know. Read More.
Choosing an IRA
Saving for retirement used to be simple. You got a job. Your company gave you a pension when you stopped working. End of story. Read More.
IRA Withdrawals and Penalties
So many of the questions we get about IRAs involve understanding the different kinds of IRAs or deciding which ones can help you make the most out of your retirement, that sometimes we forget about big the question everyone wants to ask: How do I get my money back?! Read More.
IRA Eligibility and Contribution Limits
So now you know the 'basics' of IRA information. You know what an IRA is, and you know what types of IRAs are out there. But are you ready to choose the type of IRA that best suits your needs? Not quite yet! In this article we will move you closer to that decision by addressing your eligibility for each kind of IRA and the amount of money you are allowed to put into each of those IRAs. Read More.
Rollovers and Inherited IRAs
Even if you have a good grasp on your IRA and you know how to proceed with your contributions and withdrawals, some confusing special situations can arise. Don't worry. We have answers for you! Read More.
Banking
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- Alert: What the FDIC Doesn't Cover
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Retirement Center
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How You Can Become a Millionaire!No, we aren't pulling your leg! Even in today's economy, it is possible to reach millionaire status by retirement. Use our calculator to see for yourself how setting aside just a small amount each month will quickly put your savings in the seven figure range. We think you'll be surprised! |
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