A Roth IRA is an important part of a retirement plan portfolio and deserve a close look from those wanting to make the most of their financial planning. This powerful retirement planning tool was first introduced as part of the Taxpayer Relief Act of 1997 by then Senator William Roth, Jr. from Delaware. Prior to its introduction most retirement accounts […]
Avoiding the IRA early withdrawal penalty is not always always top of mind for IRA owners. These accounts have special advantages when compared to traditional investment accounts. With an IRA, the account owner incurs no annual tax liability resulting from interest, dividends, and capital gains. As long as there are no withdrawals (distributions) from the IRA, […]
The IRS loves it when you turn 70, but you won’t get a gift or even a card. The Internal Revenue Service can’t wait to get their hands on your hard earned dollars. This might be why the IRS is sometimes referred to as the Infernal Revenue Service. Happy birthday and get ready to pay more taxes thanks […]
