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Rollovers and your Roth IRA 27 Aug 2013 | 05:00 am
You may make a rollover contribution to your Roth IRA. You do not have to report a Roth IRA rollover; it is tax-free. You are allowed one rollover for each Roth IRA per year. However, the amount that ...
Your Spouse and your Roth IRA 26 Aug 2013 | 05:00 am
Couples who are married and file joint returns are allowed to fund a Roth IRA for the non-working spouse. They must make sure that their Roth IRA contributions are less then the taxable compensation a...
Roth IRA: Distributions 25 Aug 2013 | 05:00 am
There are two types of Roth IRA Distributions: Qualified and Non Qualified Distributions. When you withdraw a Qualified Distribution your distribution is tax and penalty free. On the contrary, Non Qua...
What is MAGI? 24 Aug 2013 | 05:00 am
MAGI stands for Modified Adjusted Gross Income. Your contribution limit for your Roth IRA is determined by your MAGI. Here is a breakdown of MAGI and contribution limits (limits are subject to change)...
Is Your Roth IRA Tax Qualified? 23 Aug 2013 | 05:00 am
If you withdraw from your Roth IRA after five years and before the age of 59 1/2 years old, and use the money to purchase your first home, the Roth IRA is considered a “qualified distribution”. It is ...
Am I Ready for Retirement? 20 Aug 2013 | 05:00 am
Today, more seniors are working in retirement due to lack of retirement income. While retirement planning is the key to a successful strategy and money management, those who haven't reached their goal...
Using Benefit Calculators for Retirement Planning 19 Aug 2013 | 05:00 am
The key to managing your money for your retirement income is in careful planning. It takes an estimated guess to foresee into the future and assess how much you will need to live. You will also need t...
Questions to ask a Financial Planner 18 Aug 2013 | 05:00 am
Planning for retirement is a very important step in determining your retirement income. When it comes to creating a viable Financial Plan, many hire the help of a Financial Planner. Before deciding on...
Pay Your Mortgage Early 17 Aug 2013 | 05:00 am
When people retire, they expect to have very little bills to pay. Unfortunately, many people today are discovering that they don't have the money that they need and find themselves working in retireme...
Ways to Save Money 16 Aug 2013 | 05:00 am
Some of the main areas where you can save for retirement, apart from 401k plans and IRAs include Savings Accounts, Mutual Funds, Certificates of Deposits, Money Market Accounts, and by saving taxes in...
