Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

I've been using IRAs to invest for retirement for well over a decade and feel that I'm well on my way to having a million-dollar IRA before I retire. And while every investing journey is different, ...

Both of these IRA flavors offer key advantages. The best time to begin thinking about retirement is in the past. The second-best time to start is now. The biggest advantage of Roth IRAs is that all ...

When it comes to saving for retirement, everyone’s financial journey is unique, but the ultimate goal remains the same—ensuring a financially secure and stress-free retirement. Many people default to ...

When planning for retirement, considering the tax impact of a Roth IRA, Traditional IRA, or a taxable account can significantly affect your long-term financial outcome (tax-adjusted returns). While ...

The year is nearly over, but you still have time to make some beneficial financial moves — such as “maxing out” on your IRA. Actually, you have until April 15, 2025, as the deadline to contribute to ...

If you're a new investor, you have several decisions to make. For example, you must determine where to invest. Ideally, you want an investment vehicle that allows your money to grow steadily over time ...

I invest for retirement through a SEP-IRA, which is a specialized type of IRA available to self-employed individuals. By automating my contribution process and contributing as much as possible, I’m ...

Roth IRAs allow your money to grow tax-free and aren't subject to required minimum distributions (RMDs). Traditional IRAs are preferable when tax rates are lower in retirement than they were during ...