The first place to start investing is your employer-sponsored retirement plan, but if you don’t have one or not eligible yet, there are other options.
When you’re ready to take your first financial steps, do not rush into investing! You have three important steps you should tackle first.
When rolling assets from a retirement plan to an IRA, you need to careful not to take possession of the funds, otherwise you could trigger a taxable event.
One unique feature of a Roth IRA is that distributions are not mandatory during the account owner’s lifetime, so the account can be left to heirs.