After retirement, most people see their annual income drop, and that's one of the things that makes an IRA so attractive.

Here’s how the Roth IRA works, what it offers and how it compares to a traditional IRA. If you already know you want a Roth ...

An annuity and an IRA both let you save money for retirement. You can defer taxes on money that’s appreciated inside the ...

(See our methodology for more information on how we choose the best traditional IRAs.) Best individual retirement accounts (IRAs) Best for low fees: Charles Schwab IRA Best for beginner ...

Learn how required minimum distributions (RMDs) affect your traditional IRA balance, how to calculate them and strategies to ...

Let’s go back to the tax-bracket model that we used above. Since you’re still working and earning $80,000, you might choose to convert $40,000 – $50,000 of your traditional IRA balance each year — ...

Nondeductible IRAs grow tax-free and are an option if you earn too much to deduct your traditional IRA contributions. Reporting nondeductible IRA contributions on IRS Form 8606 helps you avoid ...

Without access to a 401 (k) account, one of the best tools available to you is an individual retirement account. An IRA is ...

When you convert a traditional IRA to a Roth IRA, you will have to pay income tax on the conversion for the year you do the switch. But once the money is in the Roth IRA, future earnings and ...

Only a few consider retirement — and that’s a missed opportunity. A traditional IRA offers a unique tax advantage: Contributions lower your taxable income, reducing how much you owe and often ...

The two primary types of retirement accounts you may encounter are 401 (k) plans and individual retirement accounts (IRAs).