ShareRoth IRA 2010, Basics
The Roth IRA legislation which passed on January 1, 1998 as a result of the Taxpayer Relief Act of 1997 created one of my favorite savings tools!
The Roth IRA provides no tax-deferral for contributions, but as long as you meet the criteria, all earnings are tax free when you or your beneficiary [...]
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Category Archives: Roth IRA
Roth IRA 2010, Basics
Converting A Traditional IRA to a Roth IRA in 2010
ShareConsider Converting Your Traditional IRA to A Roth IRA in 2010
In 2010, you can convert your Traditional IRA to a Roth IRA without the income ceiling limitations. The $100,000 modified adjusted gross income ceiling that previously prevented this conversion will be eliminated, gone, kaput! Thank god for small miracles. The maximum adjusted gross income (MAGI) [...]
2010 Roth IRA Contribution Limits
ShareThis is the time of year to consider funding your retirement accounts. One of my personal favorite vehicles for retirement savings it the Roth IRA. Why? Because once you pay your taxes on this money and place it inside the structure of a Roth IRA, your money is able to grow ( and compound!) tax-free. [...]
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