What is an IRA?


Posted on 24th September 2009 by Rita in IRA |Retirement and Estate Planning


IRA – Individual Retirement Account

IRA’s provide a tax deferred or tax-free way of saving for retirement.

Traditional IRA: Your money grows tax-deferred until you withdrawal it from your account. Growing tax-deferred gives you a tax deduction which in turn reduces your taxable income. Basically you are not paying tax on the income you set aside in a Traditional IRA. This means (more…)

Roth IRA Conversion


Posted on 17th September 2009 by Rita in 401k |IRA |Retirement and Estate Planning

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This just may be what your 401k needs.

2010 will be here before we know it. With all the uncertainty that we are experiencing these days within the financial realm one thing that IS CERTAIN pertains to the Roth IRA. The 2010 conversion period is just around the corner. To help with understanding what your options are and the NEW 2010 (more…)