Attempt to Understand IRA Need

How much do you know about IRAs? You probably only heard about it or  you may be a regular IRA investor but, really don’t know much about the role it plays on retirement success. How often do you logon to your online IRA account? How often do you open the mailer containing your IRA account statement? Let’s admit there’s a need to learn more, especially if you’re not an IRA investor yet.

Roth IRA

First let’s talk about the basic things first,  what you most probably already know. Namely, that retirement investing can be confusing. You know that it takes just a few seconds of talking about market cycles, redistribution, indicators, and various other investment speak to have you running for the hammock. And we haven’t even mentioned IRAs, distributions, safe havens, or tax deferred paperwork. (“Honey, seriously, I’m going to take care of it on Sunday.”)

Effective Ways to Protect Your IRA or 401k with Gold

This is yet another guest post from Bill. Bill likes to reach out to my readers again and again and, now I am afraid if you all are going to leave OCAAT for Bill’s blog. Anyway, as usual, this is another great post from Bill, enjoy the post! In case you’re wondering about my absence from blogging, life caught on, I’ll be back soon.

IRA Gold

It’s never too early to prepare for retirement. In fact, the earlier you start, the better off you’ll be once you reach your Golden Years, since you’ll have extra money to do the things you’ve always wanted to do.

Planning for Retirement: Ideal Asset Allocation for your Age

An estimated 50 per cent of American workers haven’t saved enough money for retirement. A little time spent planning now could mean the difference between a relaxing retirement and working for most of your golden years. Over the course of two years I have written few posts on retirement planning. This guest post talks about the ideal asset allocation in your retirement account as per your age. Enjoy the post from Rose.

Retirement asset allocation

Your age, or more specifically the number of years until you retire, is one of the main factors to consider when deciding how much you need to secure your future. You should also bear in mind that the more money you have in your nest egg at an early age, the quicker you can retire.

Bolster Your IRA in 2013 with Gold

Over the last decade, many investors have experienced significant losses or underwhelming returns in their retirement accounts because of the violent fluctuations in the stock market. Even those investors who allocated capital into cash investments like CDs or savings accounts have failed to realize returns that have maintained pace with inflation.

Retirement IRA Option
However, those astute investors who placed capital into gold over the past decade have realized tremendous returns in their portfolio. As central governments print money to stimulate the sluggish global economy, the price of the commodity continues to rise. Investing in gold through your 401(k) or IRA retirement account is a savvy tactic for you to protect and growth your wealth.

Why gold?

Traditionally, gold is sold as commodity, but it can be purchased as numismatic coins as well. Unlike other commodities such as coffee or copper, gold doesn’t have many practical applications. Many investment professionals consider this an advantage for the precious metal to maintain its value because it doesn’t depend on a singular industry or sector of the economy. In addition, the price of gold traditionally rises as the price of other asset classes fall. (Related – The Better Investment – Gold or Silver)

10 Retirement Plan Mistakes to Avoid

Although I am a financial blogger, I committed many mistakes. although my financial education was solid, still I had my financial bad days. One of them was not having a 401 (k) account or an IRA account as soon as I landed in this country and decided to stay here. Point is, anyone can commit mistakes financially, even experts.

There are many other mistakes people do, USA Today listed a few of them. CBS news claims that their list contains the biggest mistakes. Let me give you some practical advice here for my informed readers. I will not tell you to open a 401(k) account. I know you have a 401(k) or an IRA or Roth IRA, otherwise, that would be the biggest mistake you could do.

What If You Contribute Too Much To Your Roth IRA?

What happens if you contribute too much to your Roth IRA? Believe it or not, it’s much easier to do than you might think. How? Suppose you max out your Roth IRA contribution at the beginning of the year, then as the year progresses, you receive a raise, a bonus, or perhaps your spouse goes from unemployed to employed. All of these events could increase your Modified Adjustable Gross Income (MAGI).

Roth IRA

If changes in your MAGI and what you earn are substantial, it’s quite possible that your maximum Roth IRA contribution limit for the year will decrease – maybe even to zero. Under such circumstances, if you’ve already made a Roth IRA contribution assuming a certain contribution limit and that limit subsequently decreases, then the result is an excess Roth IRA contribution.

Roth IRAs vs. Traditional IRAs: For Filing Taxes and Your Retirement

This is a guest post from Kellie Englehardt, she sent me this post yesterday and asked if I accepted guest posts. After reading this and gauging its usefulness for your tax return, I decided to publish immediately. 

I sincerely hope at least some of my readers would definitely find it useful. usually I do not post on Thursdays, making an exception today. Enjoy and learn the following.

This year, taxes are due April 17, less than a month away. With the deadline quickly approaching, many people are wondering how they can cut their tax bill. One thing you can do, according to the IRS, is contribute to an IRA. A contribution will not only reduce your taxable income, but it will generate retirement savings as well. It’s a win-win situation.

The great thing about IRAs is that if you contribute before the tax filing deadline, the contribution counts toward your taxes.

There is No Income Limit for Roth IRA Conversion As Such

Do you earn too much to make a Roth IRA contribution? Are you bogged down by the Roth IRA limit for your income?

The Roth IRA is a powerful retirement savings vehicle. Unfortunately, the IRS prohibits large number of individuals and married couples from making Roth IRA contributions because (in the eyes of the federal government at least) they earn too much income.

If this describes your situation, you have been barred from making Roth IRA contributions (and probably Roth IRA conversions as well) for more than a decade. And while the Roth IRA income limits are still in effect, the restriction on your ability to make a Roth IRA contribution is not.

IRA vs 401(k), Should You Rollover?

IRA vs. 401 (k) , should I rollover my previous employer’s 401 (k)?

I am contributing to 401(k) plans up to 5% of my salary to get full employer match. I am also contributing $5,000 annually to an IRA account. If I leave this job and join another one I’ll have another 401 (k) account from my new employer.

From TD Ameritrade to ETrade, all IRA administrators run incentive programs to encourage people to roll over. I am trying to find an answer to the question: