Tag: IRAs

Senior man calculating finances

Abstract For most workers, 401(k)/IRA assets represent the main source of retirement savings outside of Social Security.  These accounts can generate significant wealth if workers contribute consistently from a young age, keep their money in their accounts, and minimize their investment fees.  However, most workers have 401(k)/IRA balances at retirement that are substantially below their…

Senior woman doing finances at home

The brief finds that converting a traditional IRA to a Roth IRA may appeal to people who: expect their tax rates to rise in retirement; prefer more flexible withdrawal options; and/or wish to increase their tax-sheltered assets…