Roth IRA

The Roth IRA has become one of the most talked about financial products on the market. So much so, that the word “Roth” has come to be synonymous with retirement funds, even though there are other types of IRA’s out there, including things like the traditional IRA, the SIMPLE IRA, and the education IRA. All of these have their benefits and drawbacks. Some of them are relatively new to the IRA market. The SIMPLE IRA for instance allows an employer to fund an IRA for himself or herself and his or her employees, but also allows employees to contribute up …

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What’s the best Roth IRA interest rate?  How do I know I am getting the Best IRA rate?  What is a IRA rate?  What do I need to know about my Roth IRA or any IRA ?  Some of these questions are hard to answer.  When it comes to the the first question “What is the best IRA interest rate?” there is no good answer.  Answers to all but the first question simply help explain why there is no good answer to that first question. First of all, it is important to understand what an IRA isn’t.  IRA stands for Individual Retirement Arrangement.  An IRA is not an …

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Need a short term loan, but don’t know where to go?  If your bank or 401k is not an option, don’t forget about your IRA.  If you need money and you have the intention to put the money back, a little know fact is that you can just borrow from your IRA. It sounds simple, yes; but there are rules that you must abide by or taxes and penalties will follow. The basic rule is that you MUST have the money back into the account in 60 days. The 60 days is based on the day you actually receive the …

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The Roth IRA (individual retirement account) is an excellent tool to invest and save money toward retirement. Similar in some ways to the traditional IRA and sharing many of its features, the Roth does still offer some unique benefits not found elsewhere in the world of retirement accounts. Many of the benefits enjoyed by the owners of Roth IRA accounts are in the way the account is distributed. Here we take a look at the common questions regarding distribution rules for the Roth IRA. What is a distribution? Before delving into distribution rules, it is important to understand what we …

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Don’t miss the IRA contribution deadline! Make sure you make your 2009 IRA contribution before April 15! With stocks performing so well these days, fully funding your IRA for 2009 (and 2010) could mean a tremendous boost toward saving for retirement.  If your investment portfolio took a hit like everybody’s else’s did, then you don’t have time to spare. Don’t have an IRA yet? You can Open a TradeKing account or Zecco account. . Don’t miss the IRA deadline. Get your contributions in before it’s too late! IRA Contribution Limits If you’ve been contributing $50 or $100 to an IRA each month, there’s room to contribute a …

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Individual retirement accounts (IRAs) are a popular investment vehicle for individuals as well as married couples. There are several different types of IRAs available from which to choose. While there are many options when selecting an IRA, two of the more popular choices include a traditional IRA or the Roth IRA. Both retirement accounts offer unique benefits as well as what some might consider drawbacks, therefore it is important to research all of your options before making your final decision. Here we look at the Roth IRA and how you can open this type of account. We’ll also look at …

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Can an IRA keep growing for a century or more?  Some people are planning to stretch their individual retirement accounts over generations so that their heirs can receive IRA assets accumulated after decades of tax deferred or tax free growth. A stretch can potentially create a legacy of wealth to benefit your heirs, it can also help you to reduce your estate taxes. Usually this is a choice of the high net worth investor, but can also apply to baby boomers as well. Typically, an individual, couple, or family, has a sizeable retirement savings, so sizable that they don’t need …

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Upon the death of a loved one, you may have inherited a Roth IRA as a beneficiary of the estate. There are different rules that apply to a Roth IRA when received as inheritance. First, the federal estate tax will apply to assets owned in a Roth IRA. Additionally, if a Roth IRA was set up in less than five years before a party dies, beneficiaries may have to pay the taxes on earning if funds are withdrawn early. Tax Free Inheritance With the Roth Understanding Estate Taxes Roth IRAs are not exempt from estate tax. If, upon your death, …

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