The Roth IRA — a popular retirement account — is similar to a traditional IRA in that you can regularly contribute to the account and watch your investments grow so you have a nest egg to tap into ...

Estimate your retirement savings with NerdWallet's free 401(k) calculator. Enter your monthly contributions and employer match to get started. Many, or all, of the products featured on this page are ...

Individual retirement accounts (IRAs) are a common way to save for retirement because they offer tax benefits and carry penalties that discourage investors from withdrawing their funds. To protect ...

A Roth IRA is an individual retirement account that you fund with after-tax dollars. While you don't get a tax break now, your contributions and investment earnings grow tax-free. Many, or all, of the ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Disclaimer: Calculator results and default inputs are ...

Ira Winderman is a sports reporter for the South Florida Sun Sentinel, specializing in coverage of the NBA and Miami Heat, having covered the team since its 1988 inception. He is a co-author of The ...

While SIMPLE IRAs are in some ways similar to their cousins, traditional and Roth IRAs, they also share some features with workplace retirement plans such as 401(k)s. Understanding your plan's rules ...

Roth IRA requires you to wait five years from the first contribution to withdraw earnings tax-free. Each Roth conversion starts a new five-year waiting period for penalty-free withdrawals. Inherited ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Eric's career includes extensive work in both public and corporate ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Eric's career includes extensive work in both public and corporate ...

A main benefit of 401(k) plans and individual retirement accounts is the ability to delay taxes on contributions and investment gains. However, you can’t avoid the tax man forever. “Once you reach a ...