IRA Rules
2021 IRA Contribution Limits
The IRS has set the annual retirement plan contribution limit to $19,500.00 for 2021 (plus an additional $6,500.00 catch-up if you’re over age 50). Make sure you review the new IRA rules and monitor your retirement plan and contributions yearly, … Continue reading
New 2020 IRA Rules
2020 is set up to be a weird and disappointing year for all of us. Despise all the COVID, health, and political issues occurring worldwide, it’s a great time to make sure all your 2020 retirement contributions and profiles are … Continue reading
Stretch IRA Rules
A Stretch IRA is not another special type of Individual Retirement Account. In fact, this is an approach to estate planning, which goal is to maximize the tax-deferred growth potential of the IRA assets by leaving them in the account … Continue reading
IRA Conversion Rules
There are plenty of financial experts say that an individual who owns a Traditional IRA cannot possibly rollover this to a Roth IRA, as this is not included with the IRA rollover rules; rather this transaction is known as “conversions”. … Continue reading
60 Day Rollover Rule
Many people who want to save for their future opt to open an Individual Retirement Account, or IRA, which allows them to make contributions that will be invested in various types of investments which the IRA owner chooses. Just like … Continue reading
IRA Rollover Rules
IRA, or Individual Retirement Account, is a type of retirement savings fund which employed individuals and their spouses are allowed to make contributions into. The Traditional and Roth IRAs are the most popular IRA plans available. The IRS, or Internal … Continue reading
SIMPLE IRA Rules
An Individual Retirement Account (IRA) is a type of investment vehicle which employed individuals could give contributions into, and this will serve as a retirement savings fund. There are rules and regulations for such investment vehicle, and it is important … Continue reading
Beneficiary IRA Rules
After an account holder passes away and all rights are transferred to the account’s beneficiary, most of the rules of the IRA still apply to the new owner. Of course there would be additional factors to consider after you inherit … Continue reading
SEP IRA Rules
Simplified Employee Pension (SEP) IRA is the way to go if you are a small employer (typically less than 10 employees and many times just on employee) looking for a retirement plan that is easy to install and administer. Most … Continue reading
Inherited IRA Rules
There are several types of IRA but let us look into the type most Americans opt to have – the Roth IRA. Several rules govern this type of account and most are from the IRA basics like contribution rules, and … Continue reading
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