roth ira

401K vs Roth IRA – Which Should You Invest In?

by kristine on November 3, 2011

The Roth IRA vs 401K Debate There are many factors to consider when determining whether to invest in a 401k vs a Roth IRA.  Both retirement plans have benefits to offer. If your budget allows, it is best to invest in both a 401k through your employer and a Roth IRA on your own. However, that [...]

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As a financial planner I’m always telling clients they need to diversify. If you didn’t understand the danger of having all of your eggs in one basket before, the volatility we’ve experienced in the market should have you convinced by now. Well taxes are a lot like investments when it comes to the need to diversify. Tax laws change just like the stock market does, so depending on one tax strategy is similar to investing in just one stock.

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What is a nondeductible IRA? The two main types of IRAs are traditional IRAs and Roth IRAs.  Traditional IRAs were created back in 1974 to allow people who didn’t have company retirement plans to save for their retirement in a tax-deferred account.  Roth IRAs were added in 1997; the main difference between the two types [...]

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