Understanding Rollover IRAs [2026]
A Rollover Individual Retirement Account (IRA) is a personal account that allows you to move employer sponsored plans like 401(k), 403(b), and 457 plan monies into it.[1] Though it has many of the same features that a Traditional IRA has, there are a couple of key differences: Some employer sponsored plans only accept money from
Understanding Spousal IRAs [2026]
A Spousal Individual Retirement Account (Spousal IRA) is a personal account that allows a couple where one partner helps a non-working spouse or a spouse with very little income save for retirement. The higher-earning spouse can put aside money into a Traditional or Roth IRA in the non-breadwinning spouse’s name and control. [1] ,[2],[3]
Understanding Roth IRAs [2026]
A Roth Individual Retirement Account (Roth IRA) is a personal account that allows you to save for your retirement on top of employer sponsored plans like 401(k), 403(b), and 457 plans and then make tax-free withdrawals. Key aspects of Roth IRAs: Roth contributions are post-tax contributions taxed when you earn the income, not when
Understanding Traditional IRAs [2026]
A Traditional Individual Retirement Account (IRA) is a personal account that allows you to save for your retirement on top of employer sponsored plans like 401(k), 403(b), and 457 plans. Key aspects of Traditional IRAs: They are a pre-tax investment account, meaning that the money you place in this account, you can deduct your
Employer Sponsored Retirement Accounts Individual Retirement Accounts (IRAs) Investing Investment Accounts
Understanding Simplified Employee Pension (SEP) IRAs [2025]
Simplified Employee Pension (SEP) IRAs are for anyone who is self-employed, owns a business, employs others, or earns freelance income. SEP IRAs offer a way to save a more significant amount than Traditional or Roth IRAs and cost less to set up and maintain than many employer sponsored retirement plans.[1] Key aspects of Simplified
Understanding Inherited IRAs [2025]
Inherited Individual Retirement Accounts (IRAs) are opened when someone inherits an IRA or employer sponsored account after the original account holder’s death. Though you can inherit an account from anyone, be it a spouse or not, the rules for these accounts differ depending on your relationship with the deceased. In addition, regulations on these accounts
Annuities within IRAs
What is meant by annuities within IRAs? An annuity is one of the investment options available for your IRA money, as are mutual funds and certificates of deposit. Most financial planning professionals, however, recommend against holding an annuity within an IRA. Why invest your IRA in an annuity? There are two primary reasons why you