IRAs
Articles on the management and distruibution of IRA and other qualified accounts during retirement
IRA Loss – How to Recover
It’s a little crazy but investors with IRA savings want to know “what do I do now that my IRA account has dropped by 40%?” Would the best time to have asked that question have been before you invested the money? To ask what to do now is like asking how to catch the train after it left the station. So rather [...]
Categories: IRAs Tags: Add new tag, ira account, ira loss, ira savings
Do You Know This About Your IRA Savings?
Many of you are somewhat familiar with the traditional Individual Retirement Account (IRA). It’s a type of retirement account that you can open yourself; it’s not run by your employer. For many people , it’s the bedrock of their retirement plan. Whatever you contribute to it grows tax deferred until you withdraw money. Your IRA savings are taxed as ordinary [...]
Categories: IRAs Tags: ira distributions, ira savings
New IRA Rules Affect Retirees
Under the Pension Protection Act of 2006, there are some new items beneficial to IRA owners that the average IRA owner will miss: First, if you leave your employer and you had a tax sheltered annuity (typically the type of plan at school districts and governments), you can roll both the pre-tax and after-tax amounts to an IRA. That way, [...]
