Tagged With: Roth IRA

The worrying connection between long-term care insurance and the Roth IRA

I talked last time about long-term care insurance (LTCI), and how it can be a great tool to hedge against the incredible medical costs of things like nursing home care. This is, of course, assuming that the insurers stay in business, which they don’t always do. Perhaps this is a bit of a mental leap, but … Continue reading »

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How to open a Roth IRA with Vanguard

I’ve made no secret about a number of things: Retirement planning is something we need to do, and right now. The best way for everyone to plan for retirement is through investing. A Roth IRA is an investment vehicle that should be a part of everyone’s portfolio, if possible. A Roth IRA, unlike a 401(k), … Continue reading »

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Enter the retirement mutant hybrid: the Roth 401(k)

When people think of employer-based retirement accounts like 401(k) plans, people often think that that implies pre-tax contributions. It’s only your own self-directed retirement accounts (IRAs) that have the post-tax (Roth) option. I used to be one of those people. But these days, employers can offer what is known as a Roth 401(k) plan in addition … Continue reading »

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How to transfer an IRA to Vanguard

Many years ago, when I was first learning about investing, I decided to start my own IRA. At my coworker’s suggestion, I set up the account at Scottrade. Over the course of two years, I put a little bit of money in it, and then sort of left it alone. In hindsight, I guess I thought … Continue reading »

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When to max out your Roth IRA contributions

  My intuition isn’t always correct, and I enjoy being confronted with facts that don’t back up my assertions. And this post is one of those situations. Sort of. So let’s talk about funding your Roth IRA, and assume you can max it out. As of this year, unless you hit certain income restrictions, you … Continue reading »

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Can you use your retirement account as your emergency fund?

  My high school algebra teacher always had some sagacious advice for our class. “Open the door before you walk through it.” That sort of thing. This always elicited a laugh from us, which I suppose was the point. Though laughs aside, there is an order to operations. Walk before you run. Shallow before deep … Continue reading »

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Why I like the Roth IRA (though it’s not why people think)

  So I hope you’ve done your taxes for the year. I used a certain online program to do my taxes, and one of the questions asked was “Did you contribute to an IRA [Individual Retirement Arrangement] this year?” If you answer yes, you have to indicate whether it’s a Traditional IRA or a Roth … Continue reading »

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