Below you'll find a list of all posts that have been tagged as “IRA”
If you are opening an (Individual Retirement Account) IRA for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRA’s in America IRAs continue to play an increasingly prominent role in the retirement saving strategies of Americans. According to the Investment Company Institute (ICI), the U.S. retirement market …
If you are thinking about changing jobs, are you aware what your choices are for managing the money in your current employer’s retirement plan? Although many people have chosen to take a cash distribution, there are several options that may benefit you more. Uncle Sam Loves Cash Distributions Taking a lump-sum cash distribution may cause an immediate 20% federal …
Kinds of IRAs and Prohibited Transactions You can open different kinds of IRAs with a variety of organizations. You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. You can also open an IRA through your stockbroker. Any IRA must meet Internal Revenue Code requirements, which are listed below …
