When can you Take Advantage of a Roth IRA Account Online?

May 14, 2021April 10, 2011 by Steve

Anyone with a verifiable and taxable income can take advantage of the Roth IRA strategy, and while there are some restrictions on the upper limit of income one can make and the age at which withdrawals can begin, these are some of the very few restrictions on what can be done or who can take advantage of this excellent retirement option.

Income Restrictions

The income restrictions, even for the best Roth IRA options, are limited to an amount no greater than the adjusted gross income of an individual or couple, depending on their filing status, and there is no lower … Read more at 2009 Tax.

What is a Roth IRA and how can it Benefit You?

May 14, 2021January 16, 2011 by Steve

If you plan to retire, you need to have money to support yourself during retirement. There are several ways to support yourself during retirement. Most individuals will be able to support themselves somewhat with Social Security benefits. Others will also have a pension. Tensions have become less common among the workplace. Finally, you can supplement either type of retirement account with a tax advantage retirement account such as Roth Ira.

What is a Roth Ira? There are two types of individual retirement accounts to begin with. There is the traditional IRA and the Roth IRA. A traditional IRA allows … Read more at 2009 Tax.

Retirement Savings There When You Need It

May 14, 2021January 9, 2011 by Steve

There are times when we find ourselves in financial pinches perhaps an unexpected medical bill or car repair or we could just be going through a rough patch and need some help. These are the times when we should consider a 401k loan because they are different than traditional bank loans in that they come with very low interest rates, there is no credit check and you have longer to pay them back which is done through payroll deductions. Though there are tax implications involved, it still may be your best bet.

All companies are different and have different … Read more at 2009 Tax.

Tax Changes you Need to Know About

November 12, 2020February 3, 2010 by Steve

Tax Changes you Need to Know About

The American Recovery and Reinvestment Act (ARRA) has many different tax provisions to spur economic growth. The First Time Home Buyer’s credit and the new expanded Long Time Home Buyers credit are things you can take advantage of if you purchase a home. Tuition changes make school more affordable. And making your home more energy efficient can earn you tax credit.

The IRA limits have been increased to provide additional saving opportunities. Now singles with income up to $65,000 and couples with income up to $109,000 can put money into IRAs with … Read more at 2009 Tax.