Need to move a retirement account from a former employer? Here's how a rollover IRA works

You can then request a direct rollover from your old employer's plan so the funds go straight into your IRA, which keeps your ...
Hosted on MSN

What Is a Self-Directed IRA and How Does It Work?

There’s a different type of IRA that most investors don’t even know about called the self-directed IRA. Although a self-directed IRA shares many of the same overall characteristics of a traditional ...
WKRG

What is a Roth IRA for kids, and how does it work?

(NewsNation) — A Roth IRA is one of the most powerful retirement accounts, and even kids can contribute to them. Savers love Roth individual retirement accounts (IRAs) because contributions and ...
WSOC-TV

Understanding the backdoor Roth IRA—How it works and why you should consider it

Retirement planning can feel like solving a jigsaw puzzle, especially for high-income households. If you're earning too much to qualify for a Roth IRA directly, you might assume that the Roth IRA's ...
WGNO

What is a Roth IRA for kids, and how does it work?

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — A Roth IRA is one of the most ...
GOBankingRates on MSN

What Is a Roth IRA Conversion and How Does It Work?

A Roth IRA conversion allows you to transfer funds from a traditional IRA to a Roth IRA, but you must pay taxes on the converted amount upfront while benefiting from tax-free withdrawals later.