Roth IRAs can provide significant tax benefits to young people. If you’re nearing the end of your career, you may be wondering if a Roth IRA is still a wise addition to your portfolio. It is possible to open a Roth IRA later in life and start saving. However, there are certain criteria you’ll have…
Saving for retirement in a Roth 401(k) will give you a tax-free source of retirement income. You also won’t need to pay income tax on the investment growth within the account. Here’s why you should consider using a Roth 401(k) to save for retirement: You can avoid paying income tax on investment gains. Withdrawals in…
Seniors are increasingly carrying the burden of student loan debt in America, as many enter their golden years saddled with an extra monthly loan payment eating into their retirement savings. The outstanding student loan balance held by Americans age 60 or older increased twentyfold over the past 15 years, from $6.4 billion in 2004 to…
