Retirement Planning Archives - The Ways To Wealth

Robinhood’s IRA Match: Is It a Good Deal?

R.J. Weiss — Thu, 15 Feb 2024 00:30:31 +0000

Robinhood offers two tiers of IRA contribution matching: Additionally, you can earn a 1% match on: There’s no cap on the amount you can earn, but the transfer and rollover matches are limited-time promotions that will end on June 28, 2024. Additionally, you must keep the matched contributions in your IRA for two years. The match is classified as interest income, so it doesn’t count towards your annual contribution limit. How Does The Robinhood IRA Match Work? The Robinhood IRA match resembles an employer matching your 401(k). contributions. If you contribute $6,500 to your IRA (Roth or traditional), the maximum […]

The post Robinhood’s IRA Match: Is It a Good Deal? appeared first on The Ways To Wealth.

iTrustCapital Review: Is This Crypto IRA Worth It?

R.J. Weiss — Tue, 03 Oct 2023 15:29:26 +0000

iTrustCapital provides a platform for buying, selling and holding crypto, gold and silver within tax-advantaged IRAs, making it an appealing option for retirement investors seeking opportunities in alternative assets. This iTrustCapital review examines how the company’s self-directed IRAs work, including the fees and account minimums. We’ll also talk about the account’s security provisions, as well as how it compares to competitors. iTrust Capital at a Glance Trading fees: 1% fee for buying and selling crypto. Monthly fees: No monthly account or maintenance fees. IRA types: Roth, traditional and SEP. Minimum investment: $1,000 to open and $500 for additional contributions. Cryptocurrencies: […]

The post iTrustCapital Review: Is This Crypto IRA Worth It? appeared first on The Ways To Wealth.

Alto IRA Review: Tax-Deferred Investing in Crypto & More

R.J. Weiss — Fri, 21 Apr 2023 14:00:00 +0000

Alto IRA is a self directed IRA custodian. In this comprehensive review, we’ll cover: What Is Alto IRA? Alto IRA is a self directed IRA custodian that gives you the ability to invest in a wider range of assets within your IRA compared to most brokers. While self-directed IRAs have been around since the 1970s (mainly as a vehicle for real estate investors), companies like Alto IRA have recently launched to meet the demand from individuals who want to invest in cryptocurrency (as well as startups and other alternative assets) within their retirement accounts. Alto IRA itself does not offer […]

The post Alto IRA Review: Tax-Deferred Investing in Crypto & More appeared first on The Ways To Wealth.

5 Best Traditional And Roth Crypto IRA Accounts

R.J. Weiss — Fri, 29 Apr 2022 13:16:54 +0000

The ability to hold crypto inside your IRA finally went mainstream in 2021. Before this, the fees were astronomical. In fact, when I first looked into investing in a Bitcoin IRA (back in 2020), I was quoted a 12.5% front-end fee by one of the top-ranked companies operating in the space. Today, there are many companies that make adding digital currency to your retirement portfolio as easy and as low-cost as investing in traditional assets like stocks and bonds. What Is a Crypto IRA? The IRS doesn’t recognize the term “crypto IRA.” So what we’re talking about when we use […]

The post 5 Best Traditional And Roth Crypto IRA Accounts appeared first on The Ways To Wealth.

Rocket Dollar Review: Pros, Cons and Expert Analysis

R.J. Weiss — Tue, 14 Dec 2021 21:10:37 +0000

Rocket Dollar is a self-directed IRA and 401(k) provider that has been in operation since 2018. In this Rocket Dollar Review, we’ll look at: Rocket Dollar 101 Self-directed IRA providers have been around for years, but many investors have stayed away from them for two reasons: It’s very difficult to beat the stock market; if you’re paying 3% in fees, it becomes almost impossible to win in the long term. Fortunately, a number of new companies have emerged to try and solve this problem. Rocket Dollar is one of the leaders in this category; its fees are transparent, it doesn’t […]

The post Rocket Dollar Review: Pros, Cons and Expert Analysis appeared first on The Ways To Wealth.

How to Invest for Retirement In Your 20s, 30s and 40s

R.J. Weiss — Wed, 20 Oct 2021 21:27:36 +0000

In this in-depth guide on how to invest for retirement, you’ll learn: Investing for Retirement vs. Other Types of Investing Retirement investing is different. When investing in individual stocks, your goal is to outperform the market. (Otherwise, you’d just invest in a fund that tracks the market as a whole.) With retirement investing, you have a specific goal in mind — such as accumulating an amount of money that will safely last you the rest of your life. The stakes are high. Missing your target has severe consequences. Unlike saving for other goals, like paying for your kids’ college or […]

The post How to Invest for Retirement In Your 20s, 30s and 40s appeared first on The Ways To Wealth.

Choice IRA Review: Pros, Cons, Fees and More

R.J. Weiss — Fri, 25 Jun 2021 15:42:46 +0000

Choice (formally known as Kingdom Trust) burst onto the crypto scene in the 2020 bull market with a zero-fee, self-directed IRA. Unfortunately, that zero-fee plan — which was subsidized by the interest the company earned from lending out customer deposits — was ended in November 2022. In this Choice review, we’ll go over the company’s current offerings and explain how their IRAs work. 4 Things to Know About Choice Before Signing Up Choice Company Overview Choice is a financial services provider that works with you to establish a self-directed IRA. Normal IRAs — such as those issued by major financial […]

The post Choice IRA Review: Pros, Cons, Fees and More appeared first on The Ways To Wealth.

Roth vs. Traditional IRA Decision: Which One Will Maximize Your Money?

R.J. Weiss — Wed, 08 Jul 2020 07:00:00 +0000

As an investor, your goal is to invest in a way that gives you the highest after-tax return on your money. You can do that in one of two ways: Choosing between a traditional and Roth IRA is a choice of asset location. Neither type of IRA is better than the other. It’s your individual financial situation that determines which type of account will optimize your after-tax returns. One common piece of advice you’ll find online for this topic is something to the effect of: If your tax bracket will be higher now than in retirement, invest in a traditional […]

The post Roth vs. Traditional IRA Decision: Which One Will Maximize Your Money? appeared first on The Ways To Wealth.

Retirement Planning Using Monte Carlo Simulation Calculators — How Long Will Your Money Last In Retirement

R.J. Weiss — Fri, 03 May 2019 12:00:48 +0000

How long will my money last in retirement? It seems like a simple question, but you’ll get a variety of answers depending on who you ask. Today, I’ll show you how you can easily and accurately answer this question for yourself by using freely-available retirement calculators — no matter what your knowledge of financial planning is. Take Control of What You Can Retirement investing and planning is complex. The number of variables involved is in the hundreds. And many of those factors are out of your control, such as how long you’ll live, inflation, tax rates, and the performance of global financial […]

The post Retirement Planning Using Monte Carlo Simulation Calculators — How Long Will Your Money Last In Retirement appeared first on The Ways To Wealth.