Articles, tagged with "roth ira", page 1

Although there are a variety of IRAs available, here are two of the most common IRAs. • Traditional IRA • ROTH IRA 1. Traditional IRA This type of IRA can be set up by any individual who has earned income. Earned income is defined as W...

I recently shared two key steps to do before investing in real estate in your IRA. Step #1: Understand the Special Tax Treatment Rules for IRAs Only certain types of income receive special tax treatment. Step #2: Understand the Type of Income Yo...

“File your tax online and get refunds fast.”” Use our e-file software to file your 1040 online and get the maximum refunds.” You have probably heard or seen one of these or similar ads online when you were filing your tax return online. And if you believe...

Although the purpose of an IRA is to save for the future, it is not uncommon for taxpayers to ‘borrow' money from their account. Unfortunately, there are severe tax penalties that are assessed when you make an early withdrawal. Here are some tax implica...

There are a lot of differences, and even more similarities, between a traditional and Roth IRA, but the key factor in how the two differ is in your future, and current, tax obligations. An IRA is an independent retirement account, which means you set t...

This can be to become exciting news for everyone which has a retirement plan - beginning the very first month of this 12 months, you have the option to transform your individual retirement account, or your IRA, to some Roth IRA (by the way, if that for yo...

Switching a job is quite regular these days, be it due to a better opportunity in a different company or even because of a job loss. In any case, if there is a change in employment, the rollover IRA plays a vital role as it is a retirement account which g...