U.S. Markets closed

11 Things You May Not Know About Your IRA

11 Things You May Not Know About Your IRA

One of the most important features of your individual retirement account (IRA) is the fact that it is an "individual" account. You had an existing Roth IRA and then rolled an old 401(k) into a traditional IRA. Your adjusted gross income (AGI) rose to the point where you were no longer eligible to contribute to your Roth IRA, so you opened a traditional IRA.