http://www.filamwords.com/why-opening-an-ira-is-best-for-you/ FInancial Literacy And More Wed, 08 Sep 2010 14:17:43 +0000 http://wordpress.org/?v=2.0.5 http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-60255 Sun, 29 Aug 2010 21:58:48 +0000 http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-60255 [...] Product Reviews Why Opening A Roth IRA Is Best For You Russ on August 29, 2010 — Leave a Comment The distributions on the Roth are not taxable – The IRS does not want you to enjoy thedouble tax benefit. It’s either you get taxed now, or you get taxed later. On a traditional IRA (or 401k, SEP, Keogh, 457, 403b, … See the article here: Why Opening A Roth IRA Is Best For You [...] […] Product Reviews Why Opening A Roth IRA Is Best For You Russ on August 29, 2010 — Leave a Comment The distributions on the Roth are not taxable – The IRS does not want you to enjoy thedouble tax benefit. It’s either you get taxed now, or you get taxed later. On a traditional IRA (or 401k, SEP, Keogh, 457, 403b, … See the article here: Why Opening A Roth IRA Is Best For You […]

]]> http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-153 Fri, 29 Jun 2007 15:11:44 +0000 http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-153 [...] KRG presents Why Opening A Roth IRA Is Best For You posted at FIL-AM WORDS. [...] […] KRG presents Why Opening A Roth IRA Is Best For You posted at FIL-AM WORDS. […]

]]> http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-128 Sat, 23 Jun 2007 01:23:54 +0000 http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-128 [...] Roth IRA Retirement:  1.) Saving For Retirement: The Earlier, The Better 2.)Why Opening A Roth IRA Is Best For You 3.) How to Open A Roth IRA (Coming Soon) 4.) Other Alternative Investment To A Roth IRA (coming soon) [...] […] Roth IRA Retirement:  1.) Saving For Retirement: The Earlier, The Better 2.)Why Opening A Roth IRA Is Best For You 3.) How to Open A Roth IRA (Coming Soon) 4.) Other Alternative Investment To A Roth IRA (coming soon) […]

]]> http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-123 Fri, 22 Jun 2007 01:38:43 +0000 http://www.filamwords.com/why-opening-an-ira-is-best-for-you/#comment-123 [...] Why Roth IRA? The IRS set-up all retirement plans so that the individual can choose whether to pay taxes now on the contributions to or pay taxes later on the distributions from the retirement plan. In a Roth IRA, the contributions are taken out of after tax salaries but the benefit is you don’t get taxed when you start taking money out come retirement time. However, because most kids who work during summer time will probably not make over $5,000 and the fact that individuals, who are single and can be claimed as dependent by another, are not taxed for the first $5,150 (standard deduction in 2006) of their income, then the contributions, technically, are not coming out of after tax salaries. Thus, most kids in this situation will have the best of both worlds- “No taxes on both their contributions to and the distributions from the Roth IRA. Who says everybody has to pay federal taxes on their retirement money? [...] […] Why Roth IRA? The IRS set-up all retirement plans so that the individual can choose whether to pay taxes now on the contributions to or pay taxes later on the distributions from the retirement plan. In a Roth IRA, the contributions are taken out of after tax salaries but the benefit is you don’t get taxed when you start taking money out come retirement time. However, because most kids who work during summer time will probably not make over $5,000 and the fact that individuals, who are single and can be claimed as dependent by another, are not taxed for the first $5,150 (standard deduction in 2006) of their income, then the contributions, technically, are not coming out of after tax salaries. Thus, most kids in this situation will have the best of both worlds- “No taxes on both their contributions to and the distributions from the Roth IRA. Who says everybody has to pay federal taxes on their retirement money? […]

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