Next year investors will be given a once-in-a-life-time chance to convert their traditional individual retirement accounts into Roth IRAs regardless of how much you earn. Most savers’ knee-jerk reaction is to convert, pay the taxman now and forevermore be free of giving the government a cut of their tax-deferred retirement money. When I dig beneath [...]
Entries Tagged as 'Retirement'
Should You Convert your Traditional to a Roth IRA?
March 5th, 2009 · 1 Comment
Tags: Financial Planning · Retirement
Resist the “Buts,” Contribute to Your IRA in 2008
July 31st, 2008 · No Comments
Although the deadline, April 15, is still a good three months away, it might be time to think about contributing to your traditional IRA. That’s the individual savings plan that allows each of us to contribute up to $5,000 this year tax free ($6,000 if you’re over fifty) toward our retirement. We’re urged to contribute [...]
Tags: Retirement
Generation X and the Roth IRA—A Perfect Match
July 31st, 2008 · No Comments
It’s not often that earning less is an advantage in the working world but one of the savviest things a young person can do right now is invest in a Roth IRA. You can contribute up to $5,000 a year in after- tax earned income, twice that if you’re married. If you’re 25 now and [...]
Tags: Retirement