Let me share why I never contributed to a Roth IRA but why you probably should. I fully admit that I was once an ardentopponent of the Roth IRAin the past. But as a middle-aged father of two young children, I've come around. Contributing to a Roth IRA is a great way to diversify...
You may also need to open additional accounts in order to save what you need. Many investors suggest looking at Roth IRAs as retirement savings options. No matter where you decide to invest your money, make sure you have a diversified portfolio that will guarantee a steady return on your con...
Because the aftertax 401(k) contributions don't begin tax-free compounding until they've been rolled into an IRA, Kitces notes they're less desirable than making direct Roth 401(k) or IRA contributions. 'You can literally think of the aftertax 401(k) conversion strategy as a 'deferred Ro...