> IRA and Roth

Roth IRAs (5) Traditional IRAs (7)

Traditional IRA Deduction Phase-Out Rules
If you have an earned income or you are the spouse of someone with an earned income, you can contribute to an IRA. If you or your spouse has retirement plan at work, you might not be permitted to take a tax deduction.

IRA Explained
An Individual Retirement Account or IRA is a plan that allows a person to make contributions each year if they meet the contribution requirements. If you are age 50 or older, you can contribute even more to your IRA.

Roth IRA Explained
A Roth IRA is also primarily an individual savings plan. Contributions can be made up to a specified limit but are non-deductible on your tax form.

Traditional IRA Explained
A traditional IRA is primarily an individual savings plan. Contributions are made up to a specified limit with the contribution tax deductible.

Traditional vs. Roth IRA
There are two types of IRA, traditional and Roth. Here you will see a brief explanation of the differences between the two.

Contribution Limits for Traditional and Roth IRA
Be sure you are getting the most out of your traditional IRA and Roth IRA by knowing the maximum contribution limits.

Resources for IRA Information
An Individual Retirement Account (IRA) is a plan that allows a person to make contributions each year if they meet the contribution requirements. Here you will find information for both a traditional IRA and a Roth IRA.

Rollover IRA Explained
Once you leave a job for whatever reason, if you have a retirement plan at your company, you need to make a decision as to what to do with this retirement plan. You can either choose to rollover the plan into an IRA or take the lump sum and pay the tax and penalties.

Spousal IRA Explained
If you are employed and have a non-working spouse or one who has little or no income, you might be allowed to set up and contribute to an IRA for that spouse.

How to set up a spousal IRA
If you have a spouse who is unemployed and certain requirements are met, you can contribute to a spousal IRA.

Education IRA and IRAs for Children Explained
You can set up an IRA for your child’s education. The money you put into this IRA is taxed but the earnings are not taxed as long as the student withdraws the money to pay for qualified education expenses. The student is designated as the beneficiary and can make withdrawals at any time. You can set up an IRA for your child or grandchild if he or she qualifies.

IRA Explained | IRA | Roth IRA | Spousal IRA | Education IRA | IRAs for Children
An Individual Retirement Account or IRA is a plan that allows a person to make contributions each year if they meet the contribution requirements. If you are age 50 or older, you can contribute even more to your IRA.

IRA 101 - Payroll Deduction IRA
The Payroll Deduction IRA was created in 1997 as an option for employers to offer their employees who wanted to save toward their retirement. Payments to the Payroll Deduction IRA are made through a payroll deduction, just the same as other benefit deductions.

IRA 101 -- Roth IRA
A Roth IRA is primarily an individual savings plan. You can make a contribution to your Roth IRA but not take a deduction on you income tax for the contribution like you can with a traditional IRA. Withdrawals are tax free within certain limitations. Withdrawals can be made without penalty once your reach the age of 59 1/2 provided the funds have been in the account for 5 years. You can continue contributing to a Roth IRA even if you have reached the age of 70 1/2.

IRA 101 -- Traditional IRAs
A Traditional IRA is primarily an individual savings plan. Contributions are made up to a specified limit with the contribution tax deductible. Money invested and earned in a traditional IRA are subject to income taxes at time of withdrawal. Withdrawals can be made without penalty once you reach the age of 59 1/2 years of age and you must begin withdrawing from your account when you reach the age of 70 1/2.

IRA 101--A Look at the Different Types of IRAs
There are several types of IRAs. Each type of IRA will be discussed in detail in this article.