Why should people choose a Roth IRA?

ROTH IRA’s (Individual Retirement Account) are flexible retirement accounts for individuals who are looking for a tax advantage retirement savings vehicle.  There are many ways in which ROTH IRA’s can be more beneficial than traditional IRA’s. One being that the account owner’s money grows tax-free.  Also, there are no minimums to open this type of retirement account. It is like a traditional IRA because the maximum contribution is the same ($6,000 per year).   It differs from other investment accounts because the money in the Read More

8 Ideas to enhance your Individual Retirement Account! (IRA)

You have until Monday, April 15th, 2019 to make your 2018 Individual Retirement Account contribution.  It is possible you could add to your ROTH IRA or receive a deduction on your Traditional IRA contribution.  1. Maximize your 2018 IRA contribution—before April 15th You can place $5,500 into your IRA +$1,000 if you are over 50 Read More

So what’s a SEP?

A Simplified Employee Pension (SEP) is a practical retirement plan which can be used by small businesses and sole proprietors.  The plans are easier to establish than qualified plans and have practically no filing requirements.  The SEP uses an IRA account as the vehicle for the contributions; the plans do not have complicated trust accounting Read More

IRA Contributions Can Benefit You at Tax Time

The 2017 tax season is almost here. Like everyone else, you want to take advantage and receive the highest amount of deductions possible, getting the best refund back! But, where to start? One great way to take advantage of tax season is contributing to your IRA account. You can make contributions throughout the year into Read More