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IRA News

News on IRA continually updated from thousands of sources around the net.

57 min ago | Investopedia

It's Never Too Early To Start Saving

Graduating college is a major milestone and achievement in one's life, especially given that only 53% of college students graduate within six years, according to the American Enterprise Institute. After commencement, responsibilities in the form of attending classes and taking exams are soon replaced by landing a good job, launching one's career, paying back student loans and saving.

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Related Topix: Personal Finance, Retirement

Sun Sep 14, 2014

Credit.com

Is a Roth IRA Right for You?

Sometimes when I focus so much on saving, I watch the numbers climb without thinking too much about the way I am saving it and whether there are better options. When planning how you will save money for retirement , it's a good idea to consider your decisions carefully.

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Related Topix: Personal Finance, Retirement

The Motley Fool

401k Withdrawal Strategies: The Good and the Bad

Few of us are offered pensions by our employers anymore, but many of us are able to contribute to 401k accounts -- ideally receiving some matching contributions. It's smart to sock away as much as we can for retirement, building a fat nest egg.

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Related Topix: 401K, Personal Finance, Pension, Retirement, Social Security

The Indianapolis Star

Pete the Planner: Don't tap your 401(k) to pay off debtPete the...

Since you didn't send me the particulars of your situation, Willie, I've have to make them up. I'll try to recreate your scenario the way I see it.

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Related Topix: Personal Finance, Retirement, Credit Card Debt

Wills, Trusts & Estates Prof Blog

What to Know About Your IRA

The "I" in IRA stands for individual and is significant, as you have the ability to customize your deposits, take withdrawals when you want, and you are responsible for paying taxes on distributions. Below are a few features of IRAs that will help you get the most out of your contributions: Contribute to more than one IRA.

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Related Topix: Personal Finance

Morningstar

For Fund Companies and Brokerages, Plenty of Room for Improvement

Regular visitors to Morningstar.com know that some investors are downright territorial when it comes to their choice of fund company or brokerage. Perhaps it's the firm's investment lineup, low fees, the quality of its customer service, or just the way it does business that produces this favorable impression.

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Related Topix: Mutual Funds, Personal Finance

Sat Sep 13, 2014

Investopedia

Will You Pay Taxes During Retirement?

One of the key issues facing many retirees today is income taxes . Those who have to pay substantial taxes after they stop working are left with a smaller amount of money to live on than they may have expected, while those who pay little or no taxes can often get by on fairly modest means.

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Related Topix: Personal Finance, Retirement, Social Security, Pension

Paradise Post

Playing the What IF game

What if you had a friend who spent money right and left on what seemed like anything their heart desired? What if your friend never bothered to balance their budget and over the years had incurred a substantial amount of debt and, year after year, continued to borrow more and more? What if your friend had huge expenses looming for their health and retirement needs, but hadn't developed a comprehensive plan to pay for it? What if YOU were responsible for keeping your friend's financial ship afloat? Would you be a little concerned? Would you set aside a little extra, or maybe a lot, to cover their anticipated shortfall and lack of planning? What if your "friend" was the U.S. Federal Government and his sidekick the State of California? Rarely do I encounter someone who has fully incorporated income taxes into their retirement planning projections.

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The Motley Fool

Calculate Your 2014 Tax Refund Now

Even though we still have a long way to go until tax time, you can get a pretty good idea of the tax refund you can expect to get once you file your return next year. There are three basic components that go into how much you can expect to get back: your income, any deductions you're entitled to, and any tax credits you qualify for.

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Related Topix: Tax, Home, Mortgage, Personal Finance

The Motley Fool

Borrowing Against a 401k: Why You Should or Should Not

One advantage of a 401k account over an IRA is that you can borrow money from your 401k, but not from your IRA. True enough, but should you? It depends on your circumstances.

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Related Topix: Personal Finance, 401K, Retirement, Credit Card Debt

MarketWatch

How to throw away a fortune

Suppose you work for 40 years, save $250 a month, your investments earn a 5% pretax annual return and you lose 25% a year to income taxes. If you start saving as soon as you enter the workforce, you will have roughly $279,000 at retirement.

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Related Topix: Personal Finance, Retirement

Investopedia

3 Retirement Account Rules To Know

Much of what you can and cannot do with retirement plan assets is governed by tax laws written by Congress and interpretations by the IRS and the U.S. federal court system. Understanding these rules and keeping up-to-date on these changes will help you ensure that your retirement account is operating within regulatory guidelines.

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Related Topix: Personal Finance

Fri Sep 12, 2014

News Times

Jason: Navigating early-withdrawal penalties

She wants to know: Can she take money out of her 401 when she leaves her job? And can she take money out of her IRA? Marilyn's 401 plan allows her to take her money out when she leaves her company. As a result, she will be able to take a distribution from her plan.

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Related Topix: Personal Finance, Tax

Lowell Sun

Using a Roth IRA for college savings

From 2008-13, the median household income in the United States declined 9 percent, while the price of attending a public four-year college increased 27 percent, according to the U.S. Bureau of Labor Statistics. As a result, many parents are faced with a savings dilemma.

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Related Topix: Personal Finance, 9

Investopedia

Top 4 Reasons To Save For Retirement Now

There are dozens of excuses that people use for not saving for retirement. And they all sound good.

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Related Topix: Personal Finance, Retirement, Social Security

Clare County Review

No 401(k)? No problem.

Retirement plans are not limited to the popular 401 . In fact, there are many retirement options, even for small businesses.

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Related Topix: Personal Finance, Retirement, Small Business, Pension, Wells Fargo , Banking, Financial Services, Opinion

Dudleynews.co.uk

Former Democratic Unionist leader Ian Paisley has died

Former Northern Ireland First Minister Ian Paisley and Deputy First Minister Martin McGuinness share a joke after being sworn in in 2007. The picture earned the two former enemies the nickname 'The Chuckle Brothers'.

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Related Topix: Sinn Fein, Personal Finance, Irish Republican Army, World News, United Kingdom, Antrim County, Northern Ireland, Down County, Northern Ireland, Belfast County, Northern Ireland, Canada,

Investopedia

Build Your Own Retirement Plan

You may be wondering at what age you should start saving for retirement. That's a simple answer - as soon as possible.

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Related Topix: Personal Finance, Retirement

MyBankTracker

How to Plan Lucrative Saving Strategies Before Quitting a Job

So you're ready to quit your job. You've already diligently planned your future as an entrepreneur or in some other independent endeavor.

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Related Topix: Personal Finance, Retirement, Mutual Funds, Financial Markets

Thu Sep 11, 2014

Investopedia

11 Things You May Not Know About Your IRA

One of the most important features of your individual retirement account is the fact that it is an "individual" account. You can customize your deposits, take withdrawals when you want to, and you are responsible for paying taxes on distributions.

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Related Topix: Personal Finance, Retirement

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