roth Archives - 2011 Taxes to 2024 Taxes

Five Reasons to Invest in a Roth IRA

June 3, 2014April 19, 2012 by Nancy

If you are currently looking into how to save for your retirement for the first time then you will quickly see that there are a lot of options out there for you to choose from. One of the most popular and safest choices is to invest in a Roth IRA and this article will briefly look at the advantages of doing so.

The first thing to note is that even if you have already begun making contributions to your own company’s 401K you can still add a Roth IRA to this to get some extra taxation flexibility when it comes … Read more at 2011 Taxes.

What is a Spousal IRA?

April 11, 2020November 15, 2011 by Steve

Spousal IRAs address the retirement needs of single income families. Spousal IRAs recognize the fact that even if only one spouse earns wages, the non-working spouse still contributes to the household by raising children, taking care of the family home and other domestic responsibilities. Congress created Spousal IRAs so that housewives and househusbands can have an individual retirement account of their own.

How Does it Work?

Generally speaking, the working spouse makes contributions to his or her spouse’s IRA account within the legal limit. Currently, the yearly limits are $5,000 for people under the age of 50 and $6,000 for … Read more at 2011 Taxes.

Wiser Roth Investing For Those Looking for Great IRA Rates

March 24, 2020June 16, 2011 by Steve

An Individual Retirement Account or IRA is a type of investment savings plan which allows employed individuals to make contributions provided that they are earning a taxable income during the year. There is more than one type of IRA plans available, and the most common of these is the Roth IRA. This type of IRA plan is in fact the most preferred by most of the investors, especially those who expect to belong to a higher tax bracket upon their retirement. The Roth IRA is more advantageous when it comes to paying the taxes, because the contributions made to … Read more at 2011 Taxes.

Roth IRA Rules and Penalties

January 13, 2018June 3, 2011 by Steve

In the world of retirement plans, there are many types of financial investments available for all classes of workers. Most people are quite satisfied with the 401k plan which comes customarily with their employment. People who switch employment before they can retire may wish to make a rollover from their 401k account to a Roth IRA. Because of the complexities involved in making the rollover, there are actually quite a number of financial institutions that offer to handle the legal red tape involved with rolling over your assets from the 401k to your new Roth IRA.

In any case, there … Read more at 2011 Taxes.

Start Saving Young For Your Roth IRA

March 24, 2020May 2, 2011 by Steve

When you begin to save for retirement will have an effect on which retirement plan you choose. Some retirement plans allow for you to put into the fund as much money as you want and this would be best for someone beginning to save later in life. While other funds have limits on how much money you can put into the fund each year and this kind of fund would be best for individuals beginning to save at a younger age.

If you are beginning to save at a younger age then a Individual Retirement Account known as a Roth … Read more at 2011 Taxes.

Where are the Most Trusted Roth IRA Providers Online?

March 11, 2020April 10, 2011 by Steve

The best Roth IRA is the one that best suites an individual’s or couple’s specific needs, as well as those offered by the most trusted names within the online investment community. Locating these options and providers is actually one of the easiest aspects of the Roth IRA process, and it is often the job of choosing from the many options with these accounts that proves to be the most involved.

Trusted Brokerages

Some of the best Roth IRA account options are found with the most familiar names in online brokerage services, E-Trade, Trade King, and Zecco, as just three examples, … Read more at 2011 Taxes.