The Mega Backdoor Roth IRA– Though rare, this is a way to potentially contribute tens of thousands of dollars to a Roth IRA every single year, no matter how much money you make. The 5 Best Retirement Accounts for the Self-Employed– If you have any self-employment income, even if it...
For a traditional IRA, you will be taxed at your income tax rate when you start withdrawing funds after age 59-1/2. But for a Roth IRA, even your withdrawals are tax-free. Your brokerage will provide you with tax forms at the beginning of each year, so you don't need to worry ...