Posts Tagged ‘ira’

The End of MyRA

The End of MyRA

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Taxes

At the end of July the Trump administration quietly killed a retirement program called MyRA , intended to help lower and middle-income people begin investing for retirement. Good riddance. If you are of a certain political cast of mind, you might see the end of the MyRA as another hit job by Wall Street and […]

My Self-Directed IRA

My Self-Directed IRA

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas

With a little time to go before tax day, you’ve still got time to fully fund – up to $5,500 or $6,500 if you’re at least 50 years old – your Individual Retirement Account (IRA). As a certain former Governor of California used to say in the movies: Do it. Today’s lesson is a departure […]

Weekly Automatic Deductions - The Key To Getting Wealthy

Weekly Automatic Deductions – The Key To Getting Wealthy

By The Banker | Investing

Hey you, it’s April 12th. If you think the way I think (Let’s just make pretend together for a moment) you’re wondering how you’ll be able to fund your tax-advantaged individual IRA contribution for 2015 by Tax Day, Monday April 18th. Less than a week from now! Ideally, you’re like, “Ha, ha, no problem. I […]

The New MyRA - From the Department of Bad Retirement Ideas

The New MyRA – From the Department of Bad Retirement Ideas

By The Banker | Investing, Personal Finance, Taxes

The federal government – following an idea proposed during Obama’s January 2014 State of the Union address – will role out a new simplified IRA plan later this year, designed as a starter retirement account, known by the catchy name MyRA. Geared to lower- and middle-income earners, the accounts will have the following features: 1. Automatic deduction […]

Ask an Ex-Banker: Should I open an IRA?

Ask an Ex-Banker: Should I open an IRA?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Taxes

Dear Banker, I’m ready to purchase IRAs for my husband and me. We had fun as young 20-somethings and didn’t start saving anything for retirement until our 30s, and even then, sometimes one of us was not always able to set aside money into the 401K/403b offered by employers. So, I figured an IRA would […]