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IRA News

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

42 min ago | The Washington Post

How to Join the 9,000 U.S. Taxpayers With Romney-Sized IRAs

The Government Accountability Office reported yesterday that about 9,000 U.S. taxpayers have each accumulated at least $5 million in individual retirement accounts. While the GAO didn't say how they managed to do so, Mitt Romney and some other successful executives offer a road map.

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Related Topix: Personal Finance, Retirement, US Politics, US News, Mitt Romney, Barack Obama, Startups, Yelp, Tax

42 min ago | Investopedia

3 Reasons To Use An Employer-Sponsored Retirement Plan

Although many will agree that contributing to a retirement plan is a good financial decision, a significant number of employees still do not participate in their employer sponsored retirement plans. This lack of participation is often the result of a misunderstanding of the rules or a lack of awareness of the benefits.

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Related Topix: Personal Finance, Retirement

2 hrs ago | Tax Foundation

New SandP Report Shows Income Taxes Are Volatile, Sales Taxes Need Reform

A new report by Standard & Poors finds that rising income inequality may negatively impact state revenue growth. The report confirms the long-standing consensus of tax economists that high, progressive income taxes contribute to revenue volatility, and also confirms the growing chorus of experts who argue that the current sales tax structure has failed to keep up with fundamental economic changes.

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Related Topix: Personal Finance, Retirement

6 hrs ago | Forbes.com

Congress Targets Retirement Tax Breaks

I'm an associate editor at Forbes, reporting on personal finance from my outpost in a Modernist house in New Canaan, Conn. I have a law degree, and I write about how to build, manage and enjoy your family's wealth.

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Related Topix: Personal Finance, Retirement, Canaan, CT, New Canaan, CT, iPad App, Twitter, iPhone App, iPod touch App, iPhone and iPad App, US News, US Senate, Ron Wyden, Democrat, US Politics

11 hrs ago | Real Estate Investing for Real

4 Arguments for Investing in Real Estate AND Notes for Retirement

Many of my old school clients, though keenly interested in the concept of discounted notes secured by real estate, wonder why I counsel them to add notes to their overall Purposeful Plan . It's entertaining to watch them slowly transition into complete discounted note evangelists, at which point they wonder why they even own as much income property as they do.

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Related Topix: Personal Finance, Retirement, 401K

13 hrs ago | Forbes.com

Retirement Rich List: 314 Have IRAs Averaging $258 Million Each, GAO Estimates

I'm the Washington D.C. bureau chief for Forbes and have worked in the bureau for more than two decades. I've spent much of that time reporting about taxes -- tax policy, tax planning, tax shelters and tax evasion.

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Related Topix: Personal Finance, Retirement, Publishing, Media, Forbes, Tax, US Politics, US News, Mitt Romney, US Senate, Ron Wyden, Democrat

14 hrs ago | Investopedia

Can an individual contribute to both a Roth IRA and a Traditional IRA in the same year?

Yes. An individual may make IRA contributions to both a Roth and a Traditional IRA , providing the combined contribution total does not exceed the contribution limit for the year. For instance, for tax year 2007, an individual may make a total contribution - whether to one IRA or partially to a Traditional IRA and partially to a Roth IRA - of up to $4,000 or 100% of compensation, whichever is less.

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Related Topix: Personal Finance

14 hrs ago | Investopedia

Benefits Of a Simple Ira

Although many employers allow their workers to save for retirement using qualified plans , such as 401 , 403 or 457 plans , these plans contain many rules that can be cumbersome for both employers and employees to deal with at times. For this reason, some small businesses have chosen to use SIMPLE IRAs instead.

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Related Topix: Personal Finance, Retirement

14 hrs ago | Investopedia

I overcontributed to my Roth, then lost half of this money to the...

It depends. If the excess contribution is removed from your Roth IRA by your tax-filing deadline plus any extensions, along with any net attributable income , the 6% excise tax does not apply.

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Related Topix: Personal Finance

17 hrs ago | Philly.com

Bogle has a message for Senate Finance Committee

John Bogle , founder of Vanguard Group , the $3 trillion-asset, Malvern-based leader of the mutual fund industry, is due in Washington on Tuesday to lecture the Senate Finance Committee on what ought to be done to prevent retired Americans from ending up in their kids' closets and garages or public shelters, now that most big companies no longer offer guaranteed pensions. Save Social Security by delaying retirement until age 69; boost benefits based on inflation, not wage increases; impose the Social Security tax to higher wages; and limit payouts to rich retirees.

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Related Topix: Social Security, Pension, Personal Finance, Retirement, Delaware County, NY

18 hrs ago | On Wall Street

Tax Strategy: Longevity Annuity Rules

Top Planning Concerns for UHNW Clients Working with UHNW clients requires more than solid investment management and estate planning, according to advisor Paul Pagnato, founder of the Pagnato-Karp Group. Here are some of the other critical planning areas that advisors need to pay attention to.

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Related Topix: Personal Finance, Estate Planning, Retirement, Tax

22 hrs ago | BreakingNews.ie

Kingsmill killings hearing delay 'a bid to bury truth'

Relatives of a Protestant workman in the North gunned down in an IRA attack almost 40 years ago have accused the authorities of attempting to bury the truth. Ten textile workers were shot dead by the side of a road near the Co Armagh village of Kingsmill in 1976 - the height of the conflict - after a gang of masked gunmen flagged down the minibus they were travelling home from work in.

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Related Topix: Personal Finance, Irish Republican Army

Mon Sep 15, 2014

Investopedia

Substantially Equal Periodic Payment (SEPP): Learn The Rules

If you have assets in an IRA , qualified retirement plan or 403 account, your intentions may be to defer taking distributions until after you reach age 59.5, when the early distribution penalty would not apply. However, unexpected financial hardships may force you to withdraw assets prematurely.

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Related Topix: Personal Finance, Tax

MSN Money

Study: Fewer Americans have retirement accounts

In 2013, ownership of retirement accounts by U.S. households fell below 50 percent, continuing a downward trend. And if you're a lower-income individual, the retirement participation percentage was even lower, at 40 percent -- an eight percentage point decline since 2007.

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Related Topix: Personal Finance, Retirement

Vail Daily News

Vail Daily column: Prepare yourself for the unexpected

Are you ready for this? September is National Preparedness Month. Sponsored by the Federal Emergency Management Agency, National Preparedness Month seeks to educate Americans on preparing for natural disasters and other types of emergencies.

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Related Topix: Vail, CO, Personal Finance, Retirement, Estate Planning, Long Term Care, Health

Forbes.com

Back To School 2014: Paying For School & Expenses With A Coverdell ESA

Years ago, I found myself sitting in law school in Moot Court wearing an oversized itchy blue suit. It was a horrible experience.

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Related Topix: Philadelphia, PA, Tax, Temple University, Personal Finance, Retirement

Fermanagh Today

Martin McGuinness speaking in the Northern Ireland Assembly 15-09-14

Martin McGuinness has urged politicians to rise to the challenge of securing peace and a better future for Northern Ireland following Ian Paisley's death. The Deputy First Minister paid a heartfelt tribute to Dr Paisley and revealed that he had a two-hour coffee meeting with Dr Paisley and Baroness Paisley, meaning that the former IRA commander saw Dr Paisley much more recently than many DUP MLAs or Free Presbyterian ministers.

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Related Topix: Personal Finance, Irish Republican Army

Seeking Alpha

Not Only Did I Sell Everything In My Roth IRA, But I Also Went Semi-Short

I don't think the world is going to end, just that there will be better opportunities to initiate stock positions at lower prices before year-end. My interest in the stock market as well as other financial markets started during my freshman year of college in 2010.

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Related Topix: Personal Finance, us Travel, Travel, Biotech, Startups, Medicine, Gilead Sciences, CGI Pharmaceuticals, Healthcare Industry, Energy, Kinder Morgan, Oil & Gas

Investopedia

6 Proven Tips For Series 6 Success

The Series 6 is a tough exam, especially for those who find it is their first introduction to the world of securities. In this article, we'll give you six additional easy tips on how to approach the information and proven techniques for studying for and taking the test.

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Related Topix: Personal Finance

Investopedia

5 Retirement Planning Rules For Recent Graduates

Young people just starting out may not know where they are headed in terms of a career path. However, that doesn't mean that they shouldn't plan for retirement.

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Related Topix: Personal Finance, Retirement, Social Security

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