IRAs

Individual retirement accounts (IRAs) provide particular tax benefits in order to encourage people to save for retirement. An IRA distribution must be recorded as income on your tax return at all times, although it isn’t necessarily taxable. The taxability of your withdrawals is determined by whether you’re taking qualified or nonqualified distributions from a Roth […]

When it comes to putting money aside for your retirement years, there is no better time than now. As of the 2011 tax year, you can contribute up to $5,000 per year to your individual retirement account. Traditional IRA contributions are tax deductible, but they are not included in your itemized deductions. Is IRA contribution

Despite the fact that both accounts are used to save for retirement, a 401(k) is a specific form of employer-sponsored plan with its own set of restrictions. A typical IRA, on the other hand, is an account set up by the owner without the involvement of the employer. Is an IRA account the same as

It’s also worth noting that IRAs are a good option for the 67 percent of people who don’t have access to a company-sponsored retirement plan. If you’ve already maxed out your 401(k) contributions or simply want a different investment option with more discretion, an IRA can be a terrific way to save even more money

Cash on hand, investment holdings, or any tangible object that can be promptly converted to cash without losing value are all examples of liquid assets. Individual retirement accounts, or IRAs, and 401(k)s are retirement savings accounts that are designed to hold your money until you retire. They are not officially liquid assets unless you are

Cash on hand, investment holdings, or any tangible object that can be promptly converted to cash without losing value are all examples of liquid assets. Individual retirement accounts, or IRAs, and 401(k)s are retirement savings accounts that are designed to hold your money until you retire. They are not officially liquid assets unless you are

Traditional IRAs work similarly to personalized pensions in that they limit and regulate access to money in exchange for significant tax benefits. Roth IRAs are similar to ordinary investment accounts, but with the added bonus of tax benefits: they have less limits, but also fewer tax breaks. Which IRA to choose depends on whether you

It’s like comparing apples to oranges when it comes to IRAs and mutual funds. An IRA is a type of investment account that can store everything from cash to equities to mutual funds. A mutual fund is a type of investment that consists of a number of different holdings. To build and maintain a portfolio,

Many individuals think that because they have already paid income tax on their Roth IRAs, the balance of the Roth IRA will not be included in their estate for estate tax reasons. Many people also assume that if a trust is specified as a beneficiary of an IRA or Roth IRA, it will not be

Qualified retirement plans are those that comply with ERISA requirements and, as a result, are eligible for tax benefits in addition to those offered by traditional retirement plans like IRAs. Is an IRA a qualified or nonqualified account? Employer-sponsored qualified retirement plans must meet IRS rules in order to be tax-advantaged. Traditional IRAs, while they