Retirement for Seniors

October, 2012 | Retirement for Seniors
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Monthly Archives: October 2012

How to Become a Financial Advisor

As unsettled as the financial markets have been during the past five years, investors are having a difficult time deciding where to put their savings. And other aspects of personal finance — insurance issues, retirement planning, estate planning, and taxes — have become more complex as well. It’s no wonder that more and more people […]

For Busy People… How to save money every month

We know how important it is to save money, whether for retirement, college tuition for the children, a new house, or some other goal. However, for many, living from paycheck to paycheck becomes routine; we may have the best intentions, but determining how to save money every month can be a difficult problem. What strategies […]

The Intelligent Way To Plan Your Retirement: The Roth 401(k)

Many American workers have the benefit of a 401(k) plan at their place of employment. First introduced by Congress in 1978, these plans enable retirement savings to grow tax free, and they’ve become very popular. Employees are able to contribute a certain amount of their earnings each year in the form of “elective deferrals,” and […]

New Ways to Invest My Money

Ever since the 2007-2008 financial crisis, beginning with wild market swings and then morphing into a housing bubble and subsequent crash in home values, people in the United States and around the world have been rethinking their investment strategies. If no markets are safe, you are probably asking, Where should I invest my money? The […]

IRA Contribution Deadline

Internal retirement accounts, or IRAs, are among the best way to save for retirement: for regular IRAs, contributions are often tax deductible; for Roth IRAs, eventual withdrawals are entirely tax free; and for both varieties, retirement savings can grow year in and year out tax free as well — no taxes are due on annual […]

In Case You Didn’t Know You Can Rollover Your IRA

Many investors start saving for retirement by opening a traditional individual retirement account, or IRA. Younger investors especially are interested in the tax deduction offered by regular IRA contributions. Older investors perhaps opened their traditional IRAs before there was a choice — the newer Roth IRAs were not available until passage of the Taxpayer Relief […]

IRA Contribution Rules

Contributing to an Individual Retirement Account — or IRA — is an easy process, and most American taxpayers are eligible to open an IRA of one sort or another. However, because IRA accounts are tax advantaged, the Internal Revenue Service does place limits on contributions. What are the IRA contribution rules? To begin, there are […]

Traditional IRA Rules

Traditional individual retirement accounts (IRAs) were first introduced in 1974, as part of the Employee Retirement Income Security Act (ERISA). Traditional IRA rules have been adjusted over the years, as the Internal Revenue Service has periodically raised annual contribution limits as well as income limits governing the tax deductibility of contributions, but the principles of […]

Rollover IRA vs Traditional IRA

There are many reasons to open a traditional individual retirement account (IRA). There are no income limits, as with Roth IRAs; nearly anyone can contribute. For most savers, contributions are tax deductible. And if you need the funds early, there are many situations in which the Internal Revenue Service allows penalty-free early withdrawals. Given all […]

What Is a Roth IRA?

Investors have been flocking to individual retirement accounts (IRAs) for decades; first offered in 1974 as part of the Employee Retirement Income Security Act (ERISA), IRAs are now a primary retirement planning tool for millions of Americans. For most investors, traditional IRAs offer the ability to make tax-deductible contributions and enjoy tax-free growth. It’s only […]