Plain-English definitions for the terms you'll encounter on your financial journey.
A strategy for high earners to contribute to a Roth IRA by making a non-deductible Traditional IRA contribution and then converting it.
The requirement that a Roth IRA must be open for five years before earnings can be withdrawn without tax or penalty.
A retirement account that allows you to contribute after-tax dollars, with the benefit of tax-free growth and tax-free withdrawals in retirement.