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Most investment choices don't earn great curiosity, but if any are deserving of that kind of attention, it would be the Roth IRA.
Financial planners routinely say that younger people should invest in a Roth because they would most benefit from its many wonderful qualities. But the truth is, Roth IRA accounts make a good choice for people of all ages.
With Roth IRAs, savers get a tax-free stream of income in retirement. And it's not just the contributions that come out tax-free. Uncle Sam doesn't lay a finger on any of the earnings. It can be a pretty sweet deal when you're talking about decades of compounding.
The only catch is that you pay income tax on your contributions upfront (post-tax dollars).
Unlike the traditional IRA, which gives investors a tax deduction for the year the contribution is made, the Roth version lets savers contribute after-tax money today and withdraw principal and earnings tax-free at retirement.
The Roth can also be used for educational purposes, major medical expenses, and first home buys...with qualifications.
For individuals looking for tax diversification in retirement, the Roth IRA is one of the few tools they can create that ensures that they have a stream of tax-free income in retirement.
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Jim Blankenship is the founder and principal of Blankenship Financial Planning, Ltd., a financial planning firm providing hourly, as-needed financial planning and advice. A financial services professional for over 25 years, Jim is a CFP® professional and has earned the Enrolled Agent (EA) designation. Jim is also a NAPFA-registered financial advisor, which designates him as a Fee-Only Financial Advisor.
Prior to establishing his independent firm, Jim operated a successful tax preparation service; he also managed information technology operations for a major financial services corporation. Jim is a member of the Garrett Planning Network, a nationwide network of fee-only advisors, founded by nationally-known Sheryl Garrett.
Jim got into this business when his search for an objective financial advisor proved fruitless. It turns out that there were no objective financial advisors in Central Illinois who were willing to work with someone of modest means. Always a do-it-yourselfer, Jim began working to expand his knowledge in order to manage his own finances. As the quest for knowledge evolved, he discovered that he was not alone in the search for objective financial advice — many others want and need the same kind of objectivity and knowledge that he was developing — so Blankenship Financial Planning was launched.
You’ll find Jim’s writings all around the internet, as he is a regular contributor to Forbes.com,TheStreet.com, and FiGuide. Several other sites also republish his work.
He has also written An IRA Owner’s Manual and A Social Security Owner’s Manual – both books provide comprehensive guides to these vexing subjects.
learn how to make sound decisions with personal retirement accounts by understanding the differences between 401k , IRA and 403b.
Talkin Law with Dan Hochheiser analyzes criminal cases in the news, trends in the law, & Covers all legal current events. Attorney Daniel Hochheiser is a Criminal Defense Attorney in NY & host of this show. Each Week. Talkin Law with Dan Hochheiser features newmakers, attorneys, media personalities, celebrities, politicians, business people & So much more. Talkin Law with Dan Hochheiser has a straight talk with a no nonsense edge & engages attorneys and laymen alike. Dan will be talking to Ira Judelson, Bail Bondsman about his new book 'The Fixer: The Notorious Life of a Front Page Bail Bondsman" plus all the great legal stories of the week!
Joining Host Larry Muck this week on Community investor is Jack Kiley, Managing Partner of MidAtlantic IRA and a CPA. He brings over 30 years of experience in public accounting to the table. He has extensive knowledge in developing tax, retirement and financial planning strategies for high net worth individuals and closely held businesses. He spends his days educating potential clients about the ins & outs of self-direction along wth overseeing the “Trust” side of the business.
He is also the “technical” expert with regard to self-directing your IRA. Jack feels strongly about his clients’ having the ability to “self-direct” their retirement. Jack’s reputation for “speaking in plain English” regarding complex concepts gets him invited regularly to speak on these topics to groups across the country – and especially on the topic of self-direction.
His knowledge makes him the expert to turn to, particularly when a complex scenario is needed for the purchase of real estate, mortgages, leases and other cash flows that the IRS allows in an individual retirement plan."
Joyce interviews Katheryn Evans of Strategic Sound Solutions on the why's and wherefore's and what's of having an IRA.
Joyce Joneschiet (Jonah-shite) Principal interior designer of Encore Living Interiors and Publisher of Encore Life Magazine hosts Encore Living Radio with her co-host Aaron D. Murphy, a licensed Architect, President of ADM Architecture and Managing Editor of EmpoweringTheMatureMind.com.
Hello this episode was created from the New Birth MBC in Waynesboro Ga. The Pastor is Ira Hendrix. We will start with the morning worship and then you will hear the annoucements you are Welcome to come at to visit or even stay and become a member of our family here at New Birth.
in Real Estate
When using self-directed IRA's, it's important to play by the rules set by the IRS. There's a lot of bad info out there, and Kaaren Hall sets us straight in this FlipNerd.com Flip Tip...check it out!
Jon G. Sanchez, CEO of Sanchez Wealth Management talks about good strategies for reviving your IRA. Why is an IRA a worthwhile account for retirement? And how can you use it to the best advantage? Tune into this week’s Goldstein On Gelt Show for more information.
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