Tags » Traditional IRA

How to Open an IRA

Opening an investment or retirement account can be quite simple, quick, and easy.  Here are a few steps for opening your IRA. 1,243 more words

Divorce or Separation May Affect Taxes

The following article was published by the IRS.

Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. 276 more words

Personal Finance

Traditional IRAs vs. Roth IRAs

Two types of IRAs are available to fund your retirement: Traditional IRAs and Roth IRAs. While both are subject to many of the same rules there are several important differences. 768 more words

Tax Planning

Traditional IRA vs. Roth IRA

The type of individual retirement plan you choose today can have a major impact on your future savings and future tax liability. Deciding between a Traditional IRA and a Roth IRA is not as simple as flipping a coin; choosing between one of the two will mean either paying tax today or paying tax down the road. 677 more words

ROTH or Traditional IRA: Which Is Best?

What makes the most sense for you, staying with a regular individual retirement account or converting to a Roth IRA? This is not a simple question so there is no simple answer. 526 more words

Roth RA

Early Withdrawals from Retirement Plans

The following article was published by the IRS.

Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. 280 more words

Personal Finance

Making Sense of Roth IRA Conversions

The Roth IRA has become a popular planning tool since it was established by the Taxpayer Relief Act of 1997. Originally envisioned as a way for Americans of more modest means to efficiently transfer wealth to the next generation, the Roth IRA offers a number of potential advantages over a Traditional IRA that are particularly attractive to those that are more affluent. 944 more words