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Opening a Roth IRA Account

Now that you’ve decided on opening a Roth IRA, you’d probably like to know how to open one. The mechanics of opening an account are fairly simple, but first you need to decide where you want to park your money. That takes a bit more work, but if you follow a few principles, you’ll be … Continued

Opening an Account

Now that you’ve decided to open a Roth IRA, you’d probably like to know how to open one. The mechanics of opening an account are fairly simple, but first you need to decide where you want to park your money. That takes a bit more work, but if you follow a few principles, you’ll be … Continued

Opening an Account

Now that you’ve decided to open a Roth IRA, you’d probably like to know how to open one. The mechanics of opening an account are fairly simple, but first you need to decide where you want to park your money. That takes a bit more work, but if you follow a few principles, you’ll be … Continued

2013 Tax Year Roth IRA Income / Contribution Limits

Increased limits for the new tax year mean greater savings opportunities While you have until April 15, 2013, to make a 2012 contribution to your Roth, it’s also time to plan your retirement savings for 2013. The IRS recently issued it’s new guidelines, which raise the contribution limits and increase income eligibility (to account for … Continued

2013 Tax Year Roth IRA Income / Contribution Limits

Increased limits for the new tax year mean greater savings opportunities While you have until April 15, 2013, to make a 2012 contribution to your Roth, it’s also time to plan your retirement savings for 2013. The IRS recently issued it’s new guidelines, which raise the contribution limits and increase income eligibility (to account for … Continued

What Is an IRA?

Quick Summary: IRAs allow you to save for retirement and get a deduction on your taxes. With a traditional IRA, you get a tax break when you make your contribution and then have to pay taxes when you withdraw that money in retirement You can only contribute $5,500 per year to an IRA ($6,500 if … Continued

IRA Rules Explained

Quick Summary A traditional IRA is a tax-advantaged savings account for retirement. In most cases, you can deduct traditional IRA contributions from that year’s tax return and postpone taxes until you withdraw that money in retirement. The IRA contribution limit for 2017 is $5,500 per year or $6,500 if you’re age 50 or over. If … Continued

How to Do a 401K to IRA Rollover

Quick Summary Rolling over your 401(k) into an IRA is relatively simple, but may require some paperwork. Pick where you want to move your money. This is mostly a brokerage company, but could also be a bank or other financial institution. Once you choose where you want to move your money, you can start the … Continued