Roth IRA Definition: What It Is & How It Works?

Roth IRA definition

What is a Roth IRA? Roth IRAs are retirement accounts for individuals that are setup independently of any retirement account tied to employment such as a 401k. IRA stands for “Individual Retirement Agreement” although you will most commonly see it referenced as “Individual Retirement Account”. The difference between a Roth IRA and a Traditional IRA … Read more

What is a Traditional IRA & How Does it Work?

What is a Traditional IRA

Some of the links in this post are from our partners who compensate us. This may influence some of the products and services we write about and choose to review. However, this does not influence our research process and our opinions are our own. Here is how we make money.The information provided on this page … Read more

SEP IRA – Intro Guide to Simplified Employee Pension Plans

what is a sep ira

What is a SEP IRA? Simplified Employee Pension IRAs or SEP IRAs are retirement accounts primarily utilized by self-employed individuals or smaller employees. SEP IRAs are part of SEP Plans; the IRA is just the vehicle that carries the financial assets to retirement. Unlike Traditional or Roth IRAs a SEP IRA is not primarily funded … Read more

10 Best Self-Directed IRA Custodians (Updated for 2020)

If you currently own a traditional/Roth IRA, 401k, thrift savings plan, or an annuity, your retirement savings are in serious financial jeopardy and are susceptible to things like stock market collapse, dollar devaluation, government confiscation, and even inflation. >>If you want to skip the intro and go straight to my #1 recommendation for self directed … Read more

VantagePoint Software Review – Up to 86% Trading Accuracy

There are hundreds of trading tools available online, but VantagePoint software takes up a spot all of its own. This is because it uses inter-market predictive analysis software, meaning it predicts what tomorrow’s prices will be. This sounds like an incredibly complicated algorithm is used, which is true, but VantagePoint believes they have created something … Read more

Pension Plan – Beginners Retirement Guide

What is a Pension Plan? Today we’re taking you back to the old school. To a land of gold watches and working 30 years at the same firm. A time where a man’s word meant something. A time of pension plans. A pension plan is a tax-exempt retirement plan that is typically funded by the … Read more

The Ultimate 401(k) Beginners Guide

What is a 401k? A 401(k ) is retirement account tied to your employer. The employer sponsors the plan; if your employer does not provide a 401k option you can’t run out to the nearest brokerage firm and open an account. (Self-employed individuals can open a Solo 401k,, but that is still tied to your … Read more