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Individual Retirement Accounts - IRAs

Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions

Found 388 Articles.
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Understanding the 10% Penalty and Roth IRAs

October 1, 2009

One of the more confusing aspects of Roth IRAs is the 10% penalty for early distributions. The penalty is different for regular Roth IRAs and converted Roths. Tax-free distributions from Roths might be penalized. Don’t confuse the rules on taxes with the penalty. The same penalty and exceptions apply to traditional and Roth IRAs, unless […]

Rollovers: When to Do Them; Doing Them Right?

September 1, 2009

Under the radar of most of the media and other observers is one of the fastest-growing and most important transactions in personal finance. It and the follow-on transactions are critical to the financial lives of most Americans. Yet, people receive little guidance on the transactions and frequently have thousands of dollars siphoned as a result. […]

Roth IRAs for Summer Work

August 1, 2009

Here is a power-packed way to help your grandchildren or children this summer. It gives them a financial incentive to work, but it also is a long-term incentive that will show them the value of saving and investing. Plus, you will provide them the core of a nest egg with Roth IRAs. The strategy is […]

Who Will Benefit from Your IRA?

August 1, 2009

One of the most important decisions about an IRA is naming the beneficiary or beneficiaries. There are many candidates for the biggest mistake made by IRA owners, and one of the leading contenders is the failure to name a beneficiary or naming the wrong beneficiary. If no beneficiary is named, the estate is the beneficiary. […]

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Early Distributions Without Penalties

July 1, 2009

When cash is tight, people often tap their IRAs or other retire-ment accounts. There could be a penalty for doing so if you are under age 59½. But even then with a little planning you might be able to avoid the penalty and have more after-tax cash to spend. A distribution from an IRA or […]

When It Pays to Mix IRAs and Annuities

June 1, 2009

There are many strategies to consider when it is time to take distributions from an IRA. In this visit we are going to cover two unique strategies that combine annuities with IRAs. Generally it is not a good idea to mix annuities and IRAs, because the annuity and IRA both have tax deferral. There often […]

New IRA Strategies for 2009

April 1, 2009

Congress did IRA owners a favor by suspending most requir-ed minimum distribu-tions for 2009. Yet, the change has confused some IRA owners because there are some exceptions and not all the details are clear. There also are planning opportunities created by the law and by the markets IRA owners should consider. First, we will review […]

Why the Beneficiary Form is Key

March 1, 2009

One point we emphasize regularly is the importance of the beneficiary designation form for IRAs, pensions, annuities, and a few other assets. The disposition of these assets is not influenced at all by your will or a trust. Only the beneficiary designation form on file with the IRA sponsor or other custodian of the assets […]

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