Retirement

(Money Manager) - What is a SIMPLE IRA? A SIMPLE IRA is an employer-sponsored retirement plan. It stands for "Savings Incentive Match Plan for Employees".

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(Tad Majerek) - Is it possible to put more away in your retirement plan. Yes, with the Cash Balance Plan. The CBP is a hybrid of a traditional defined benefit plan and a 401(k) plan. This combination is often a good fit for professional service organizations, such as doctors groups, law firms, consultants and high net worth business owners of closely held companies which have demonstrated a consistent profit pattern and will continue to do so for several more years. The Cash Balance Plan offers an enhanced retirement vehicle which allows for accelerated retirement savings, while taking advantage of potentially tremendous tax benefits. Depending on the situation as much as $200,000 per individual.

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(Marcel Dupre) - If you are trying to take advantage of the down markets and you want to put away some money for your future, check out the Roth accounts. A Roth account can come in different forms as a Roth IRA, a Roth 401(k), and a Roth 403(b). Using a Roth is a no-brainer if you think tax rates will be higher in the future and your income will be the same or more later because in general, if you wait until retirement to take money out of a Roth, you won’t owe any taxes on your withdrawals.

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(Marcel Dupre) - You will soon be bombarded with the name “Roth” in the media because of some changes coming next year. Beginning in 2010, two important changes are scheduled to take effect for converting to a Roth.

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(Mark Rogers) - Retirees over the age of 70 ½ have, prior to 2009, been required to withdraw a small percentage of their retirement accounts (401k, IRA's, etc.). This is the government's way of gaining tax revenues on money that had been growing for years tax deferred. The person taking the distribution was required to pay income tax, at their current tax rate, on any money withdrawn.

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(Richard Cox) - According to research conducted by the Center for Retirement Research at Boston College in 2007, retirees tend to be happier with a traditional defined-benefit pension that pays a guaranteed monthly check for life than with a comparable lump sum amount as found in a typical 401K, or other type of retirement accumulation plan, that would produce the same amount of monthly income.

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(Joe Lyons) - Roth retirement plans are one of the best wealth creation tools available. They are also one of the most underutilized. Simply stated, Roth's are accounts that are funded with after-tax money, which can grow tax-free as long as the account exists. The contribution limits are the same as for pre-tax accounts.

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(Money Manager) - Planning for retirement can be both exciting and overwhelming. There are so many investment options out there, so how do you know where to start or what they all mean? This article will tackle one type of retirement investment, the Traditional IRA, and try to answer some common questions about it in order to familiarize you with the basics of this type of investment.

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(Money Manager) - A SEP IRA is a type of individual retirement account that has different tax rules than other types of IRA's. With a few exceptions, a SEP IRA is subject to the same rules as a Traditional IRA. One of the differences is that a SEP IRA is set up by an employer for employees, or for himself if he is self-employed. Traditional IRA's are not set up by employees. As a result, SEP IRA's have rules as to who is an eligible employee, employer contribution limits, and so forth. Self-employed individuals with no employees make up the bulk of those establishing this type of IRA, although some employers with employees do have SEP IRA's.

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(Money Manager) - Roth IRA's have become a tremendously popular investment option for retirement, but what exactly is a Roth IRA? This article will tackle some common questions about the basics of Roth IRA's and clear up some of the confusion you may have.

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