Roth IRA Application and Other IRAs

In the United States, individuals earning a gainful income by means of employment can make investments (contributions) into an Individual Retirement Account (IRA).  There are several different methods by which the individual can make contributions to an IRA: the traditional 401(k) Plan, the Self-Employed Plan (SEP), the Savings Incentive Match Plan for Employees (SIMPLE), and the Roth IRA Application are to name a few.  One factor that differentiates these retirement plans is the way in which taxes are applied to the IRA funds.

Each of these plans will allow for different contribution values depending on the individual’s income and tax … Read more at 2009 Tax.