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Tag: Roth IRA

Wealth management tips may help you secure your financial future.

Once you’ve begun to save and grow your “nest egg,” the questions change from those of paying down debt and escaping the paycheck-to-paycheck existence. If you find yourself with assets that are growing, you need a different type of financial assistance: wealth management assistance that may help you secure your financial future and protect the money you’ve worked hard to earn! Grow Your Money Sustainably It's tempting to keep all of your savings liquid, or accessible without penalty, but you'll find that there are limits...

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roth ira

How does a Traditional IRA differ from a Roth IRA? Which one is right for you? Once you know the answer to the first question, you may be able to answer the second. Exploring Your IRA Options: The Basics A Traditional IRA may make sense if you: are eligible for a Traditional IRA deduction, are not eligible to contribute to a Roth IRA, anticipate a higher tax rate while saving, anticipate a lower tax rate during retirement, are interested in taking required minimum distribution amounts...

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Moving into a Roth IRA may help maximize your IRA savings, but it depends on your retirement savings needs.

Moving into a Roth IRA from a Traditional IRA or SIMPLE IRA may be a great way to maximize your IRA savings. Converting is easy to do, and may have positive effects on your financial future. The Basic Facts A conversion is the taxable movement of Traditional or SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA assets to a Roth IRA. The financial organization administering the conversion reports the movement of assets to the IRS, while you include any pretax amounts converted...

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Roth vs Traditional IRA

Before you decide whether to contribute to a Traditional IRA or a Roth IRA, you’ll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision between Roth vs Traditional IRA depends on your income. Following are the basic facts you need to know. Traditional IRAs IRA owners must have earned income and be under age 70 1/2 to make contributions. Contributions may be tax deductible. Earnings grow tax deferred. Distributions generally are taxable. Distributions before...

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