If you’re looking into retirement planning options, you’ve probably heard something about IRAs. You may have even been encouraged by a friend, relative or colleague to look into opening a Roth IRA. While you’re probably somewhat familiar with the concept of traditional individual retirement accounts, it’s more than likely that you’re wondering what the differences are between a conventional IRA and a Roth account. Roth individual retirement accounts are much like other IRAs, but offer account holders more flexibility, including some options which are not available with other types of individual retirement account.
There are several different ways that you could choose to start saving for your retirement, but increasingly since the Taxpayer Relief Act of 1997, a Roth IRA has been a popular option. Named for Delaware senator William Roth, who was one of the sponsors of the act, this style of individual retirement account became available at the … [Read More...]
If you’re considering opening a Roth IRA as part of your retirement planning strategy, one thing which you need to be certain to know is what your contribution limits are every year that you have one of these flexible individual retirement accounts. If you’re not sure of what the contribution limits are for your IRA, you run the … [Read More...]
There are quite a few different options available to consumers in terms of retirement planning, although among the best known and most popular of these options are individual retirement accounts. The two most common types of individual retirement account (or IRA) are traditional IRAs or a Roth IRA. These two types of individual … [Read More...]
Roth Individual Retirement Account (IRA) calculators are designed to assist individuals in the determining whether to roll their traditional retirement accounts into a special Roth IRA account or not. These online calculators have several fields that must be filled in to arrive at the conversion’s monetary benefits. It should be … [Read More...]