Do you know why some people have to pay taxes when they contribute to their IRA while others have to pay taxes when they make a withdrawal? It all comes down to the type of IRA (individual retirement account) in question – a Roth IRA or a traditional IRA. The reason being is that each type of IRA comes with its own set … [Read more...]
What is a SEP IRA Account and Should I have one?
How are self-employed individuals supposed to save for retirement when they don't have access to an employer-sponsored 401(k) plan? The answer is to sign up for an SEP IRA - a Simplified Employee Pension Plan. What Is a SEP IRA? Essentially, a SEP IRA account is a pension plan designed for those who are … [Read more...]
SEP IRA – A Retirement Plan for the Self-Employed
How are self-employed individuals supposed to save for their future retirement when they don’t have access to a 401(k), 403(b), 401(a), 457, or some other employer-sponsored supplemental retirement plan? Good question. The answer is to sign up for an SEP IRA – a Simplified Employee Pension Plan. What Is a SEP … [Read more...]
Why You Should Consider Relocating For Retirement
While some retirees live in comfort and peace, others struggle with high bills, a high cost of living and a home that does not fit their needs. This is why retirement planning should include a list of places of where you would like to live since many don’t realize how living expenses can quickly drain your retirement … [Read more...]
Retirement Age? Nest Egg Calculator by IRA Success Financial Planning
Putting aside savings is can be complex and requires dedication. One of the easiest ways to get your retirement savings on track is by opening up a Traditional IRA or Roth IRA. Investing in an IRA account is a great way of diversifying your retirement portfolio because of its excellent tax advantages and interest … [Read more...]
IRA Accounts – Open your IRA Today – Benefits, Reviews, Rates
Smart financial makes all the difference when it comes to having a funded retirement plan when you finally reach retirement age. One way to get your early retirement planning on track is to open up a Traditional IRA or Roth IRA. Some of the contributing factors in deciding which IRA may be right for you may include … [Read more...]
Understand the 10 Greatest Retirement Risks Factors
Could you see yourself retiring on just $35,107 per year? This is the reported median household income for the retired population today (with inflation and time value of money considered) according to Forbes.com, along with a reported median spending that averaged $31,165. How long can you afford to outspend what you … [Read more...]
What are the Five Biggest Risks to my Retirement Planning?
Monetary inflation, the high cost of health care, and being forced to dip into life savings are just a few ways that your carefully thought out retirement plan can be devastated. Without being properly prepared, your dream of a comfortable later life could be shattered. It is simplistic to think that retirement will … [Read more...]
What are the Five Biggest Risks to my Retirement Planning?
Monetary inflation, the rising cost of health care, longer life span, and other potential circumstances are only some of the obstacles you may come to face when you retire. Without being properly prepared when plans go awry your dream of a comfortable life later on may be greatly compromised. Even if you had … [Read more...]
Will Your IRA Go Unprotected During Bankruptcy?
Can’t pay your bills? Car repossessed! Checks returned marked ‘insufficient funds’! This is an all too common scenario for some anxious individuals who may be forced to file for bankruptcy largely as a result of living in current strained financial times. However, just because you filed for bankruptcy does not mean … [Read more...]
