IRA News

In the official memo announcing Yahoo's $1.1 billion acquisition of Tumblr today, the companies promised not to "screw it up." But similar promises have been made before.

Nonretired Americans' expectations about which sources they will rely on to fund their retirement differ significantly by their annual household income.

Lori Lucas says without a policy, plan participants are subject to marketing by record keepers who want retirees and departing employees to roll over their assets into an IRA.

In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the deals.

Q: Dear Rick: I am 75 years old and in January of each year I take my required minimum distribution.

Americans may be living longer, but our retirement plans aren't keeping up. Which means people are living longer with smaller bank accounts.

I would like to start putting some money away for my young grandson's college education.

Thank goodness for President Barack Obama, for without his wisdom and foresight none of us would know how to live our lives, and in particular, how much money we need to save for our own retirement.

Americans between the ages of 61 and 70 are withdrawing money from their IRAs in amounts that are larger, both in absolute dollar amounts and as a percentage of their IRA account balance, than those taken by older households.

President Bush, second from right, speaks during his roundtable discussion on health savings accounts in 2008 in Oklahoma City.

The down payment is often the toughest hurdle to clear when buying a home. Whether you're opting for a Federal Housing Administration mortgage loan with just 3.5 percent down, or shooting for a conventional loan with 20 percent down, saving for a down payment on your first home can take years.

Americans between the ages of 61 and 70 are withdrawing money from their IRAs in amounts that are larger, both in absolute dollar amounts and as a percentage of their IRA account balance, than those taken by older households, according to a new report from the Employee Benefit Research Institute.

A new report casts considerable doubt on how well many Americans will fare in retirement: Those born between 1966 and 1975, the so-called Gen-Xers, will be the worst off, able to replace only half their working income.

Unemployment figures may be improving, but young people today still face a tough road summers and after graduation.

Roth IRAs have been around since 1997. Congress was looking for ways to help people save more for retirement but at the same time get some of its tax dollars upfront.

Kevin Avery is a bit of an overachiever when it comes to saving for retirement. He's only 25 and has nearly $40,000 in savings in his 401 and Individual Retirement Account.

Any information shared on Free Money Finance does not constitute financial advice.

You can do a lot with $1,000. In fact, we came up with 30 surprising ways to use a grand .

Various promoters have suggested to entrepreneurs that they use the assets in their 401 plans or IRAs to finance a new business.

You can always get at your money in an IRA. But because the IRS and Congress allowed a deduction and tax deferral, they will not be happy if you do before age 59A1 2 and will slap you with a 10% penalty plus taxes.