There is no interest being paid for bank CDs, IRAs and some other retirement accounts that today's seniors saved for a decent retirement.
The money that is withdrawn will be included in your gross income unless the money came from Roth IRA contributions, since income tax was already paid on that type of retirement savings account.
What do your favorite wool sweater, your retirement savings account and your brain have in common.
One of the ideas behind 401(k) retirement accounts is that employees decide how much to save and how to invest and then reap the rewards or losses of their choices.
Americans Raiding Savings, Retirement Accounts.
It's hard to imagine that hundreds of thousands of Angelenos don't have an ATM card, or a checking account, savings account, retirement account, etc.
A Roth IRA is a retirement savings account that allows your money to grow tax-free.
Let us all agree that Wall Street should be permitted to continue to skim hundreds of billions annually from what's left in Americans' retirement accounts, said the Wall Street Journal in its "The Borzi Savings Bomb" editorial recently.
A traditional IRA is a tax-deferred retirement savings account.
While many may not have enough to put away in a retirement account, those who can save, save in vast quantities, he writes.