It’s the new year, and maybe that means a new job or a new commitment to your retirement plan. Once you set the money aside, you have to deal with all of the options for investing the money and all of the regulations for getting a break on your taxes. Here’s one issue: what do… [Read More]
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Tag: IRA
The strange mechanics of saving money
Your New Year’s resolution may be to save money, but how to get the money you saved at the grocery store out of your wallet and into a savings plan? It’s a strangely mechanical problem, isn’t it? If you’re having trouble getting hold of the money you are saving, start by keeping track of what you spend. You can… [Read More]
The basics of Individual Retirement Accounts
An IRA is a great way to save money for retirement. The U.S. tax code offers a lot of advantages for saving through an Individual Retirement Account, sometimes called an Individual Retirement Arrangement, but most commonly known as an IRA. The bad news is that in trying to cover so many bases, the rules quickly… [Read More]