The Roth IRA was born on January 1, 1998 as a result of the Taxpayer Relief Act of 1997. It’s named after former Senator William V. Roth, Jr. The Roth IRA provides no deduction for contributions, but instead provides a benefit that isn’t available for any other form of retirement savings: if you meet certain [...]
Posts Tagged ‘Roth Iras’
You’re Roth IRA Withdrawal
Posted by admin on May 29th, 2011
Posted in Roth IRA 
Tags: Cumulative Bulletin, Free Withdrawals, Internal Revenue Service, Ira Withdrawal, Irs Revenue, Least Five Years, Loophole, Maximum Age Limit, Minimum Distributions, Periodic Payments, Retirement Savings, Roth Ira Withdrawals, Roth Iras, Senator William, Taxpayer Relief Act, Taxpayer Relief Act Of 1997, Time Purchase, Traditional Ira, William V Roth, William V Roth Jr 
No Comments »What Is A Roth IRA?
Posted by admin on May 1st, 2011
A Roth IRA is a type of Individual Retirement Account (IRA) that is named after the US senator William V. Roth who was the chief legislative sponsor of this scheme of retirement accounts. Roth IRAs are different from other IRAs in many ways. Roth IRAs were established in the year 1998 (Public law 105-34). Similar [...]
Posted in Roth IRA Tags: Custodian, Deductible Income, Federal Income Tax, Financial Instruments, Free Distributions, Free Withdrawals, Individual Retirement Account, Ira Assets, Ira Contribution, Ira Contributions, Ira Roth, Ira Tax, Net Income, Retirement Accounts, Roth Ira Account, Roth Iras, Senator William, Taxable Income, Us Senator, William V Roth No Comments »Roth IRAs for Financial Retirement
Posted by admin on March 25th, 2011
This is entirely an opinion based on the facts that I have available and should be viewed as nothing more than that. However, I feel I would be remiss in not pointing out the incredible value that Roth IRAs can bring to the table for savvy people who are planning their retirements. There are actually [...]
Posted in Roth IRA Tags: 12 Months, Art Form, Bold Print, Bottom Line, Credit Card With 0 Interest, Fence, Financial Retirement, Ira Change, Irs, Magic Crystal Ball, Paying Taxes, Point In Time, Practical Joke, Retirement Earnings, Retirements, Roth Ira, Roth Iras, Tax Bracket, Traditional Ira, Validity No Comments »Roth IRAs: Test Your Knowledge
Posted by admin on February 19th, 2011
How well do you know Roth IRAs? Here are five tough questions. Let’s see how you do
1. I am 72 years young and still working. Can I set up a Roth IRA?
Yes. Unlike a traditional IRA, which does not allow contributions past age 70 1/2, Roth IRAs have no age limitations. You can continue to [...]
Posted in Roth IRA Tags: 401 K, 72 Years, Adjusted Gross Income, Contribution Limit, How Much Money, Incomes, Ira Rules, Maximum Ira Contribution, Modified Adjusted Gross Income, Participant, Roth Ira Contribution, Roth Iras, Tax Return, Test Your Knowledge, Tough Questions, Traditional Ira No Comments »Create Tax Savings And Transfer Wealth To Your Child With
Posted by admin on October 14th, 2010
Create Tax Savings And Transfer Wealth To Your Child With A Roth IRA
Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis.
Roth IRA
First, [...]
Posted in Roth IRA Tags: 401 K, Blessed Day, Distributions, Downside, Eight Times, Free Basis, Fundamental Goal, Life Insurance, Microsoft Stock, Retirement Nest Egg, Retirement Planning, Retirement Vehicle, Roth Ira, Roth Iras, Saving For Retirement, Saving Money, Tax Planning, Traditional Iras, Transfer Wealth, Trusts No Comments »Convert To Roth IRA Regardless of Income 2010
Posted by admin on September 1st, 2010
An odd quirk in the recent legislation to extend the Bush Tax Cuts is giving IRA holders a huge break. For one year, and one year only, the income cap will be gone.
Convert To Roth IRA Regardless of Income 2010
2010 may seem like a long way off, but something magical is going to [...]
