Retirement Advice | RetirementAdvice.com » IRA

How to Save for Retirement When Your Self-Employed?

walter — Mon, 01 Nov 2010 16:20:42 +0000

Saving for retirement is a challenge for many people. The financial demands and obligations of day to day life can leave some individuals feeling overwhelmed when it comes to putting money away for the later stages of their lives. Here is some retirement advice to get you started if you are self-employed. For the self-employed, saving for retirement may seem like an even more daunting task. Most self-employed individuals do not go through the same payroll process that companies with many employees do, and they can’t participate in a retirement program that their employer sets up and administers...

Use Your IRA to Fund Your Small Business

walter — Tue, 19 Oct 2010 19:11:51 +0000

Many of us have at least one Individual Retirement Account (IRA) as part of our retirement planning portfolio. IRAs are an essential part of retirement planning, because you have much more control over your investment choices than you do for a 401(k) plan or employer-sponsored retirement plan. Even the most flexible and comprehensive 401(k) plan will only have a limited number of investment options, depending on what company is acting as the plan’s sponsor. Even though IRAs are much more flexible, there are still limitations on the types of assets that can be held within the account; for...

IRA Information

admin — Tue, 21 Jul 2009 18:45:16 +0000

With pensions becoming less and less common, and Social Security’s future in question, it’s never been more important to think about retirement well in advance. For those whose employers offer 401K plans, they are usually the easiest and most convenient way to save for retirement. But will your 401K yield enough money to see you through your golden years? And what if there is no 401K plan available to you? Whether you have yet to set up a retirement plan or need to supplement your 401K, an Individual Retirement Account, or IRA, can help. Available from many financial institutions, IRAs are...

Convert your Traditional IRA to a Roth IRA?

admin — Thu, 05 Mar 2009 14:34:00 +0000

Given the significant market downturn it may not be a bad time to convert your traditional IRA to a Roth IRA. Right now, anyone with modified adjusted gross income of less than $100,000 a year (individual or joint income) can convert a traditional IRA account to a Roth IRA. Higher-income Americans are scheduled to get the same break in 2010. Remember that when you do a conversion, you must pay income tax on the amount you are converting, which can be all of the funds in the traditional IRA or just a portion of those assets. But, subject to...