Maximize Your IRAAn award-winning personal finance writer and certified financial planner reveals, in simple terms that investors can understand, how to put money in and take it out, how to manage an IRA over a lifetime and most importantly, how to profit with these investment vehicles. Downing outlines changes in the law, covers the new types of IRAs available, and points to new places to invest your IRA dollars. |
Contents
A Picture of Confusion | 3 |
Your Income Statement | 10 |
Needs | 16 |
Copyright | |
5 other sections not shown
Common terms and phrases
able to claim account earns adjusted gross income after-tax dollars annual contribution annual withdrawals assets bank account beneficiary brokerage cash conduit IRA convert December 31 drawals earned income education IRA eligible estate tax example expectancy tables expenses federal income tax federal tax fees Figure filing jointly fully deductible Here's income tax bracket income tax deduction income tax return individual retirement accounts Internal Revenue Service investors IRA contribution IRA dollars IRA trustee meet the rules minimum required withdrawal mutual fund company nondeductible contributions nondeductible IRA numbers open an IRA options ordinary income penalty-free pension plan percent bracket percent penalty qualify reach age regular IRA retirement plan rollover Roth account Roth IRA Rowe Price spouse stock mutual funds tax benefits tax bill tax breaks tax consequences tax-free taxable account taxpayers traditional deductible IRA traditional IRA transfer trustee or custodian withdraw money Yes Yes