First Financial Steps Part 2: Investing
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.
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 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.