As long as an individual has earnings, he or she can open a Roth IRA and invest up to $5500 per year (or their total gross income, whichever is less). It does not matter where the money being invested comes from. Some parents do a matching system where they will …
In order to have an HSA you must have a high deductible health care plan. High deductible health care plans (HDHP) represent what insurance is supposed to be. Insurance of any form exists to limit financial exposure if unlikely, but severe outcomes occur. The more unlikely the event, the lower …
Sometimes a deal seems too good to be true, and this hidden gem is one of them. The Retirement Savers Tax Credit compounds the tax savings already offered by IRA and 401K accounts. Depending on income level, this tax credit gives up to a 50% tax credit on retirement contributions …
When it comes to retirement planning, it is often that you will come across phrases such as Roth Vs. Traditional, or which is better Roth or traditional. Finance celebrities like Suze Orman and Dave Ramsey pitch the Roth and Ric Edelman favors traditional accounts. While these accounts have vastly different …