How Does a SEP-IRA Work? A listener named Wasittha asked me the following question: “I’ve been trying to max out my IRA and 401(k). However, I’ll be unemployed next year for a while–hopefully not for ...

The Employee Retirement Income Security Act of 1974 (ERISA) created the IRA account, and by 1975, workers who had no access to employer-sponsored retirement plans could contribute up to $1,500. Over ...

Employers can’t contribute directly to an employee’s personal Roth IRA, but they can still help with retirement savings in other ways. The SECURE 2.0 Act allows employers to contribute to SIMPLE IRAs ...

“Diversify or be prepared to downsize your plans,” said Lon Welsh, founder of Ironton Capital. “Alternative accounts like IRAs, SEP IRAs and real estate-backed investments can provide tax advantages, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...