Individual Retirement Accounts (IRAs)
If you're employed, you can take advantage of an Individual Retirement Account (IRA). That much is simple. From there, it gets a bit more complicated, but we'll guide you on issues and opportunities such as tax-deferral, potential tax deductions, Roths, IRA rollovers and conversions.
Roth IRA Conversions in 2010 - No Income Limit
Roth IRA conversions are available for all taxpayers, beginning January 1, 2010. Previously, those with modified adjusted gross income exceeding $100,000 or who were married but filed separately were not allowed to convert. Learn the implications of the removal of the income cap.
Roth IRA conversions are available for all taxpayers, beginning January 1, 2010. Previously, those with modified adjusted gross income exceeding $100,000 or who were married but filed separately were not allowed to convert. Learn the implications of the removal of the income cap.
2010 IRA Contribution Limits
Most retirement plan limits have not changed due to a lack of significant inflation. Learn what you need to know about IRAs, Roth IRAs, contributions, and conversions.
Most retirement plan limits have not changed due to a lack of significant inflation. Learn what you need to know about IRAs, Roth IRAs, contributions, and conversions.
2009 IRA Contribution Limits
Many retirement plan limits have changed. Some have not. Learn what you need to know about IRAs, Roth IRAs, contributions, and conversions.
Many retirement plan limits have changed. Some have not. Learn what you need to know about IRAs, Roth IRAs, contributions, and conversions.
Benefits of an IRA Rollover
An IRA rollover is an effective way to simplify your retirement planning while giving you more investment choices and extending your tax deferral.
An IRA rollover is an effective way to simplify your retirement planning while giving you more investment choices and extending your tax deferral.
When You're Over The Limit: Non Deductible IRA Contributions
Due to certain income limits, not every worker is eligible to make a deductible contribution to a regular IRA. A subset of this group may be permitted to make a contribution to a Roth IRA. Still others will be prohibited from doing either. Enter the non-deductible regular IRA contribution. Learn the ins, outs, and implications of a non-deductible IRA contribution.
Due to certain income limits, not every worker is eligible to make a deductible contribution to a regular IRA. A subset of this group may be permitted to make a contribution to a Roth IRA. Still others will be prohibited from doing either. Enter the non-deductible regular IRA contribution. Learn the ins, outs, and implications of a non-deductible IRA contribution.
Health Savings Accounts: Is An HSA Another Retirement Plan?
A Health Savings Account (HSA) can be an important part of your retirement planning. Coupled with a High Deductible Health Plan (HDHP), an HSA can provide you with tax-free growth on qualified medical expenses and tax-deferred growth on the excess. Learn more about how an HSA might help you achieve your retirement goals.
A Health Savings Account (HSA) can be an important part of your retirement planning. Coupled with a High Deductible Health Plan (HDHP), an HSA can provide you with tax-free growth on qualified medical expenses and tax-deferred growth on the excess. Learn more about how an HSA might help you achieve your retirement goals.
How to Open an IRA
Ready to open an IRA but not sure where to begin? Learn how to complete the few easy steps required to open and grow this important retirement account.
Ready to open an IRA but not sure where to begin? Learn how to complete the few easy steps required to open and grow this important retirement account.
Roth IRA – Five-Year Rule for Distributions
To benefit from the tax-free growth of a Roth IRA, you must keep your assets in your account for five years after your initial contribution. Like with other fun tax rules, five years can actually go by a lot quicker. Learn how.
To benefit from the tax-free growth of a Roth IRA, you must keep your assets in your account for five years after your initial contribution. Like with other fun tax rules, five years can actually go by a lot quicker. Learn how.
Roth IRA Distributions
The use of Roth IRA distributions as an emergency fund is a noteworthy concept. Nonetheless, it is fraught with significant disadvantages including negative tax and retirement planning consequences. Learn what to consider whenever you take a Roth IRA distribution, be it before or during retirement.
The use of Roth IRA distributions as an emergency fund is a noteworthy concept. Nonetheless, it is fraught with significant disadvantages including negative tax and retirement planning consequences. Learn what to consider whenever you take a Roth IRA distribution, be it before or during retirement.
IRA Withdrawals
An IRA withdrawal is any distribution from your individual retirement account. It's critical to understand how your distribution will affect your financial future, both from tax and retirement planning perspectives.
An IRA withdrawal is any distribution from your individual retirement account. It's critical to understand how your distribution will affect your financial future, both from tax and retirement planning perspectives.
Should You Convert Your Account to a Roth IRA?
A retirement with tax-free income comes with the upfront cost of paying taxes now. Converting your qualified retirement account (like a traditional IRA or old 401(k) plan) to a Roth IRA may be a great idea. But since the tax due now may be significant, make sure to learn the key considerations.
A retirement with tax-free income comes with the upfront cost of paying taxes now. Converting your qualified retirement account (like a traditional IRA or old 401(k) plan) to a Roth IRA may be a great idea. But since the tax due now may be significant, make sure to learn the key considerations.
Roth IRAs - Tax-Free Retirement Savings
Roth Individual Retirement Accounts (Roth IRAs) enable you to benefit from tax-free growth. Here are the basics, including how to open an account, contribution limits, income limitations, who Roth IRAs are best for, and how you can benefit from a Roth IRA.
Roth Individual Retirement Accounts (Roth IRAs) enable you to benefit from tax-free growth. Here are the basics, including how to open an account, contribution limits, income limitations, who Roth IRAs are best for, and how you can benefit from a Roth IRA.
Individual Retirement Accounts (IRAs) - Start Here
Learn the basics of Individual Retirement Accounts (IRAs): where and how to open an account, IRA contribution limits, income limitations, what is an IRA, who's eligible, when they're called for, and how you can profit from an IRA today.
Learn the basics of Individual Retirement Accounts (IRAs): where and how to open an account, IRA contribution limits, income limitations, what is an IRA, who's eligible, when they're called for, and how you can profit from an IRA today.
Considerations for Converting to a Roth IRA
Anytime a voluntary payment of income tax is involved, you should proceed cautiously. Find out what you need to consider when contemplating a Roth conversion.
Anytime a voluntary payment of income tax is involved, you should proceed cautiously. Find out what you need to consider when contemplating a Roth conversion.
Who Can Contribute to a Roth IRA?
Believe it or not, contributing to a Roth IRA typically requires your income fall between a certain minimum and maximum. Learn if you qualify to contribute to this tax-free retirement account.
Believe it or not, contributing to a Roth IRA typically requires your income fall between a certain minimum and maximum. Learn if you qualify to contribute to this tax-free retirement account.
Who Can Make a Tax-Deductible Contribution to a Traditional IRA?
Nearly anyone with earned income can make a contribution to a regular IRA. But only certain people qualify to deduct that contribution. Learn the considerations for IRA deduction eligibility.
Nearly anyone with earned income can make a contribution to a regular IRA. But only certain people qualify to deduct that contribution. Learn the considerations for IRA deduction eligibility.
What is a Rollover IRA?
When you leave your job, you have several options for your retirement plan dollars. Learn about a rollover IRA.
When you leave your job, you have several options for your retirement plan dollars. Learn about a rollover IRA.
What is an Inherited IRA?
There are many special considerations and potential advantages to an inherited IRA. Some decisions need to be made quickly after you receive your inheritance. Make sure you understand all the implications before you start distributing money from an inherited IRA.
There are many special considerations and potential advantages to an inherited IRA. Some decisions need to be made quickly after you receive your inheritance. Make sure you understand all the implications before you start distributing money from an inherited IRA.
Different IRAs, Different Taxes
To make an informed decision of whether to use a Roth IRA or a regular IRA for your retirement planning, you'll need to understand how they are each treated by the IRS.
To make an informed decision of whether to use a Roth IRA or a regular IRA for your retirement planning, you'll need to understand how they are each treated by the IRS.
IRA Rollovers
Whether rolling over an existing IRA or your last employer's 401(k) plan, there is plenty to consider when you're contemplating an IRA rollover. Learn about the 60-day rule and mandatory withholding (as well as, ironically, how to avoid it).
Whether rolling over an existing IRA or your last employer's 401(k) plan, there is plenty to consider when you're contemplating an IRA rollover. Learn about the 60-day rule and mandatory withholding (as well as, ironically, how to avoid it).
What is a spousal IRA?
Spousal IRA description
Spousal IRA description
Can’t I Just Make a Joint IRA?
Learn if Joint IRAs are permitted.
Learn if Joint IRAs are permitted.
How Much Can I Contribute to a Spousal IRA?
Learn how much a non-working spouse can contribute to a spousal IRA
Learn how much a non-working spouse can contribute to a spousal IRA
What are the Spousal IRA Annual Contribution Limits?
Learn the amount of the spousal IRA annual contribution limits.
Learn the amount of the spousal IRA annual contribution limits.
What are the Spousal IRAs Earned Income Limits?
Learn the impact that your (and your spouse's) earned income has on your ability to contribute to an IRA.
Learn the impact that your (and your spouse's) earned income has on your ability to contribute to an IRA.
What Are My Other Retirement Plan Options if I Don’t Have Any Earned Income?
How can a non-working person save for retirement using retirement plans?
How can a non-working person save for retirement using retirement plans?
Are Spousal Roth IRAs Permitted?
Learn whether a spouse without any earned income can contribute to a Roth IRA.
Learn whether a spouse without any earned income can contribute to a Roth IRA.
Spousal IRAs - Frequently Asked Questions
Spousal IRAs often lead to various questions about topics including contribution limits, Roth IRAs, and joint IRAs. Read the article to get all of your spousal IRA questions answered
Spousal IRAs often lead to various questions about topics including contribution limits, Roth IRAs, and joint IRAs. Read the article to get all of your spousal IRA questions answered