You can give your child a head start in life by opening an individual retirement account (IRA) for them. Allowing it to build interest for decades enables it to grow much more than if you wait until the child is older. Custodial Roth IRAs have some rules that must be followed, but it has many…

By Sandra Block From Kiplinger’s Personal Finance When confronted with a task that’s necessary but joyless, it’s human nature to put it off until the last minute. And for some retirees, taking withdrawals from their retirement savings accounts is another chore that falls to the bottom of their to-do list. Investments in traditional Individual Retirement…

In today’s uncertain economic climate, many people are looking for ways to hedge their retirement accounts to combat inflation. Gold IRAs allow investors to put their money into precious metals. While many people feel that their standard employer-provided 401(k) will be enough to sustain them through their golden years, more and more people are waking up to…

It was a sunny Saturday morning, warm for early spring, and the city was bustling with life. Families pushing strollers. Earnest cyclers on the back of their bikes. Smiling couples walking together, stride for stride, perhaps heading into the center of the city for some shopping and a bit of brunch. But as we cruised…

If you’re interested in investing in a gold-funded individual retirement account (IRA), you’ve likely stumbled upon the restrictions, fees, and requirements surrounding custodians. So, what is a gold IRA custodian, why do you need one, and how can you select a reputable option for your investment goals? Read on to learn everything you need to…

By Lisa Gerstner From Kiplinger’s Personal Finance Stashing enough in an employer-sponsored retirement plan to get the full match is a no-brainer—it’s free money toward your retirement. Employers often match contributions up to about 3–5 percent of an employee’s salary. However, figuring out how much to contribute to a 401(k) beyond the match and how…

As a business owner, you have an assortment of retirement options. These range from the straightforward, think an Individual or Simple 401 (k), to the more complex, such as a Money Purchase Plan or Profit Sharing. However, for many, the creme de la creme is a Roth IRA. Why? Because not only is able to set…

A former MI5 agent has questioned why British authorities kept the death of a high-profile IRA informer secret for more than a week. Martin McGartland, who infiltrated the Provisional IRA during the Troubles, said police investigating Freddie Scappaticci had a duty to inform the public of his death “immediately.” The 76-year-old—believed to have been the…

By Sandra Block Kiplinger’s Personal Finance Congress late last year revised the rules on required minimum distributions (RMDs) that retirees must start taking in their 70s from tax-deferred retirement accounts. Here’s what you need to know: In 2023, the starting age for taking RMDs from traditional individual retirement accounts, 401(k)s, and other tax-deferred plans increases…

Relatives of those murdered during the Northern Ireland Troubles have given a cautious welcome to the anniversary of the deal that brought peace to the province. On April 10, 1998, the Good Friday Agreement was signed off by Irish and British political leaders in a diplomatic achievement still hailed today as one of the world’s…