Learn about how mutual fund sales and other types of transactions are taxed within an IRA, and discover if a sale triggers an early withdrawal penalty. https://t.co/xdQMPat6Ad ...

Retirement Planning & Investment Vehicles - 401(k) plans offer tax-deferred investment opportunities, allowing pre-tax contributions and tax-free compounding until withdrawal [6][11][12] - Employer matching of 401(k) contributions is considered "free money" and should be taken advantage of [16] - Individual Retirement Accounts (IRAs) offer the same tax-favored status as 401(k)s but may provide more investment flexibility and lower fees [17][19] - Roth IRAs allow contributions with after-tax income, offering tax-free withdrawals in retirement, particularly beneficial for individuals in lower tax brackets [88][89][97] - The author advocates for increasing the IRA contribution limit to $10,000 per year [86][87] Investment Strategies & Advice - Younger investors should consider investing primarily in stocks, taking on more risk due to their longer time horizon to recover from potential losses [25][46][47] - Paying off high-interest credit card debt should be a priority before investing, as the interest can erode investment returns [38][39] - Saving early and consistently is crucial for achieving financial freedom, and the stock market can be a tool to encourage saving [36][43][44] - A low-cost S&P 500 index fund is a suitable option for passive investing, especially for those who lack the time or expertise to pick individual stocks [23][70][74] - Actively managed mutual funds often underperform their benchmarks due to high fees and incentives focused on asset gathering rather than performance [62][63][68] Saving for Education - 529 plans are recommended for college savings, offering tax-free growth and withdrawals for qualified education expenses [102][106] - Frontloading a 529 plan with up to $85,000 (single) or $170,000 (married filing jointly) can maximize the benefits of compounding [109][110]

Can you believe it’s been 50 years since Fidelity first offered the Traditional IRA? To mark the occasion, we’re doing a rundown of all the different IRA types–and this time we’re shining a light on the Rollover IRA. As always, share any questions in the comments 👇 Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1194784.5.0 ...

Next up on our tour of IRA types: the Roth IRA. Do you have a Roth? If so, what do you like the most about it? Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1194784.5.0 ...