If you are over 70 ½ years old, want to make a gift for a special charitable project, but your only liquid asset is your IRA, I have good news for you.
How Are SEP IRAs Established To Save For Retirement
A Simplified Employee Pension (SEP) plan is established when an employer adopts a SEP agreement and has a minimum number of employees working in the organization who qualify for owning a SEP-IRA account. The qualification criteria for an employee to become eligible for the employers SEP-IRA plan include:
Congress Enacts New Laws Making Iras Better Than Ever!
Have you heard of the “non-deductible” IRA? I’m not referring to the ROTH IRA, but a traditional IRA that many people are stuck with as their only option (for various reasons that make investing in other types of IRAs unavailable).
A Closer Look At The Roth 401k
Roth 401k is a good retirement savings option. Although it does not provide an up-front tax-deduction, the account eventually becomes tax-free, because the withdrawals taken at retirement are not subject to income tax.
Annuity FAQ: Answers To Some Basic Annuity Investing Questions
* How much should I invest in an annuity?
Strategies For Limiting Taxes If You Are Your Own Boss
Self-employed individuals always cringe at the amount of taxes the pay to the IRS and state. Here are tax strategies for self-employed individuals that reduce those tax amounts.
Tax Credits for Retirement Savings
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.
Tax Magic: How To Turn Taxable Income Into Tax-Free Income
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit.
Here’s one of my favorites. It’s been part of our tax code for over 30 years, yet many still don’t take advantage of it.
What am I talking about?
The IRA — Individual Retirement Account.
Now, before you say, “Oh, I know all about that one; what’s so great about an IRA?”, give me 10 minutes to explain 3 new benefits to the IRA rules that you may n…
401(k) Take Advantage Of New Rules
With a change in the laws, there never was a better time to start a 401(k) retirement fund. In fact, you may find that you have already started one, because under the new law, your employer can put you into a 401(k) retirement fund automatically.
Convert To Roth IRA Regardless of Income 2010
An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone.
Forecasting the Future Value of Your IRA
Curious about how much money you’ll accumulate in your individual retirement account (IRA)? Just use Microsoft Excel to calculate a pretty good estimate says author and CPA Stephen L. Nelson.
Not To Late To Make 2005 IRA Contribution
Many Americans make annual contributions to individual retirement accounts. If you havent done so for the 2005 tax year, you still can.