Before You Open an Ira Account, Ask These Questions

IRAs (Individual Retirement Accounts) are great ways to invest for you retirement due to the tax advantages you receive when investing your money into an IRA account rather than with a non-retirement account.  Roth IRA accounts can be opened at many different financial institutions, making it convenient for investors.  However not every financial institution is [...]

Retiring a Millionaire Through IRA Investing

Simply saving money isn’t what will make you into a millionaire. What you need to do is get your money to work for you. What this means is you need to invest. Invest Money Once you have an emergency fund established, you should start to invest. There are thousands of ways, literally, to invest. This [...]

The Benefits and Penalties to Using an IRA to Pay Off Debt

Last week, we received a question from someone wanting to know whether it was a good idea or not to withdraw 401(k) plan money to pay debt off. Questions like these are always best taken on an individual case basis. Let’s see what the situation is. My husband has been contributing the maximum match with [...]