A Roth IRA is an individual retirement account that you fund with after-tax dollars. While you don't get a tax break now, your contributions and investment earnings grow tax-free.

Nov 14, 2025 · There are several types of IRAs, including traditional IRAs and Roth IRAs for individuals, which offer different tax advantages.

With the Roth IRA, the money you contribute isn't tax-deductible. That means you don't report Roth IRA contributions on your tax return, and you can't deduct them from your taxable income.

A rollover IRA is a way to consolidate old retirement accounts into one individual retirement account. Here's how to do a rollover IRA without taxes or penalties.

They also come in two forms: the traditional IRA, which takes tax-deductible contributions, or the Roth IRA, which allows tax-free distributions in retirement.

Nov 13, 2025 · Under the new rules, people who contribute to a workplace retirement plan or an IRA can receive a match of 50% (up to $2,000) to be directly deposited into their retirement plan.

What is a Roth IRA conversion? A Roth IRA conversion is the process of transferring funds from a pretax retirement account, such as a traditional IRA or a 401 (k), to a Roth IRA.

What is a backdoor Roth? A backdoor Roth is a strategy that allows high-income earners to contribute indirectly to a Roth IRA if their income level is too high to make a direct contribution.

If you're a high-earner who can't contribute to a Roth IRA, a mega backdoor Roth — particularly if your 401 (k) plan allows it — might be a solution.

A spousal IRA is an account to which a working spouse contributes on behalf of a spouse who doesn't work for pay. Here's how it works and who qualifies.