In an ideal world, your retirement accounts would be left alone for retirement. You’ve probably noticed that we’re not living in an ideal world.
If you are saving for retirement, you probably know about the 401(k) and the Roth IRA too. But are you familiar with a Roth 401(k)?
It's a bit of a mashup — a Roth product available through...
Hitting the maximum speed limit for the first time while driving? Exhilarating, but fleeting. Maxing out your Roth IRA? Less exhilarating, but much more rewarding.
Gary Sidder set up Roth IRAs for his sons when they turned 13. Each year, the Littleton, Colorado, certified financial planner and his wife, Francie Steinzeig, a school psychologist, contributed an amount equal to whatever the two boys earned cutting lawns, shoveling snow and doing odd jobs. As the sons' earnings increased, so did the parental contributions.