There are many varieties of this popular savings vehicle. What don’t you know? Many Americans know about Roth and traditional IRAs … but there are also many other types of IRAs. Here’s a quick look at several basic classes of IRAs, as well as some variations and additional information. Traditional IRA. (Contribution limit of $5,000, [...]

Here are some things to consider. Be sure you understand your options when an IRA is inherited. When the owner of an IRA passes away, his or her heirs must be aware of the rules and regulations affecting the inherited IRA. Ignorance could lead you straight toward a tax disaster. Please note that this is [...]