Roth IRAs

Retirement

To fully enjoy your retirement, a sufficient retirement savings in the form of a 401k, IRA or Roth IRA — or all three — is crucial. Read expert advice on GOBankingRates and make the most of your retirement.

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IRA

An IRA is an individual retirement account in which you can save money while taking advantage of tax breaks. Be sure to compare IRA options with Roth IRAs and 401ks, as the differences can be subtle.

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Budgeting

The basics of personal finance start with budgeting. If you spend less than you earn and budget for expenses, you will be well on your way toward financial success. Learn how to manage a budget of your own.

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Filing Taxes

Before you file your taxes, make sure you are getting all the benefits and breaks available. GOBankingRates provides the in-depth information you need to get the biggest tax refund you deserve.

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Understanding Roth IRAs

Roth IRAs are individual retirement accounts in which you deposit money that has already been taxed so you can make tax-free withdrawals from the account when you retire. Unlike traditional IRAs, you can withdraw money from Roth IRAs whenever you want, but you might be penalized if you make withdrawals before age 59 ½. Roth IRAs come with income restrictions, so make sure to do your research to find out if this type of retirement account is right for your financial situation and tax bracket.

If you haven’t planned for retirement yet, you need to get started. The longer you wait, the harder it will be to maintain your lifestyle after you leave the workforce. Browse GOBankingRates for articles on Roth IRAs and other retirement accounts. You’ll find all the expert advice you need to jump-start your retirement savings and get your finances in order.