Are you an employer or decision-maker at a small business and want a better way to help provide a retirement benefit than providing a 401(k) with high administrative and maintenance costs? If so a Simple IRA account may be for you. A Simple IRA is an employer-funded retirement plan (like 401(k) and 403(b)) created … [Read more...]
Roth IRA vs Traditional IRA: Which is Right for You?
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...]
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...]
Retirement Calculator – Your Monthly Savings Plan Contribution
A lump sum of $750,000 upon retirement is achievable. It might seem an impossible task but if a solid investment plan is put in place early enough, such a retirement figure (hopefully considerably more) is possible; however, an individual must begin saving as soon as they leave college and begin work – discipline is … [Read more...]
Ultimate List of Places to Open an IRA
If planning for retirement is important to you then opening an IRA is a great way to start saving money for the future. Whether you're looking to open a new Traditional IRA or Roth IRA or to find a new broker for your existing Individual Retirement Account in 2014 our list offers a wide range of brokers to compare … [Read more...]
I don’t want to pay taxes on all that money!!!
Are you trying to figure out ways to not pay taxes on all that money you plan on putting into retirement, watch this video to understand how a Roth IRA can do this. Ever been curious why it's called a Roth IRA,... we're pretty sure you don't care, but we are certain you want to know about its power to get you the … [Read more...]
Roth IRA Conversions: Rules for 2022
First introduced in 1974, the Individual Retirement Account (IRA) has been a preferred way for U.S. citizens to save money for retirement. Although the rules governing IRAs have changed over the years, the basic idea behind an IRA remains the same in, namely, to provide IRA holders tax advantages that encourage them … [Read more...]
2022 and 2021 Roth IRA Contribution Rules & Income Limits
What's new with Roth IRA contribution limits for 2022? Be sure to bookmark this page for reference of all the rules. First, let's recap the Roth IRA maximum contribution limits. These maximums vary depending on your age, and the 2022 IRS regulations haven't changed significantly. Basically, if you are under fifty in … [Read more...]
Open a Roth IRA for Tax Benefits and Savings
Don't wait until you are retirement age to think about opening a Roth IRA. Everyone knows they should save for retirement and in the meantime open a Roth IRA account. Many of us neglect to fully take advantage of these tax-deferred investment vehicles. Whatever the reason for putting off securing your financial future, … [Read more...]
Roth IRA Income Limits for 2022
This article covers 2022 Roth IRA income limits for contributions. For 2021, see the article 2021 Roth rules. As it turns out, 2022 is a big year for IRAs because of a current rule that allows for rollovers from traditional IRAs to the more desirable Roth IRAs. For this reason, it is important to know the difference … [Read more...]
