When you move money from one retirement account to another, there’s a potential to trigger a tax consequence. One way to avoid trigger that tax event is by setting up a direct IRA transfer.

An individual retirement annuity is an investment vehicle—similar to an individual retirement arrangement—that provides an income stream during retirement.

There are two main ways to move money from a traditional thrift savings plan (TSP) account to a Roth individual retirement account (Roth IRA). You can instruct the TSP to transfer your funds ...

An individual retirement account (IRA) is a tax-friendly savings account that lets investors save for retirement. Most people can contribute up to $7,000 per year to their traditional IRA. Because ...

In 2024, the contribution limit for IRAs, including individual retirement annuities, is $7,000 per year, with an additional $1,000 catch-up contribution allowed for people age 50 or older.