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 →