Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances.My first IRA over 30 years ago was with Charles Schwab .We like that you double check occasionally when we withdraw cash, but today someone, on a recorded line, said she didnt have our correct address, (and you do! Schwab offers excellent personal service by advisors, and provides useful and easy to understand reports and user friendly transaction technology for all types of accounts.
Currently, anyone can convert money that you have put into a Traditional IRA to a Roth IRA no matter how much income you are making.
Roth IRAs are a unique and powerful way to save for retirement.
You pay taxes upfront on a Roth IRA, but after that, all growth and withdrawals are tax-free in a Roth IRA.
Opening a Schwab IRA is an easy way to get your retirement savings on track and possibly save on taxes.
We’ll help you choose the right Individual Retirement Account and provide the guidance, tools, and resources you need to meet your retirement goals.
“Disadvantages Of A Roth IRA: Not All Is What It Seems” ignited a flurry of responses from people who have already been contributing to a Roth IRA, which I will address in this post.