Roth IRA Information
Harry Gross: Wise to convert IRA to a Roth and then convert it back? (The Philadelphia Inquirer) Dear Harry: Back in January, I converted my regular IRA to a Roth IRA. I did this because I want my kids to get the money without having to pay a tax on the withdrawals. This morning, I got a call from a rep of the mutual fund company that holds the IRA a
Top 10 money moves for today's college freshman (The Daily News of Newburyport) With college tuition up 6.3 percent at private schools and up 6.6 percent at public schools this year, money management is a bigger issue than ever on college campuses. It's good to send your freshman off to school with a plan on how to best manage his or her money:
What Every Freshman Needs to Know (WallStreet Journal via Yahoo! Finance) If you're about to start your freshman year in college, the one thing likely neither you nor your parents is focusing on is money. To start your adult life on the best financial footing, consider these 10 rules while you're in school.
How To Cure An Ailing 401(k) (Investopedia via Yahoo! Finance) High-cost, outdated plans can prevent your retirement portfolio from thriving.
No Tax Deduction for Roth Contributions (KiplingerForecasts.com) You'll get plenty of other tax benefits, though, if you save for retirement in a Roth IRA.
Corrections: Ten money tips every college freshman should heed (Market Watch) On Aug. 24, a personal-finance column detailing 10 tips for college freshmen gave the incorrect figure for the maximum annual contribution to a Roth IRA. The correct amount for 2008 is $5,000. See corrected story.
Roth IRA requires earned income (Bankrate.com via Yahoo! Finance) You need earned income to be eligible to contribute to a Roth IRA, says Dr. Don Taylor.
What a Roth Hath, a Traditional Hath Not (Canon City Daily Record) Last week, we began a discussion on the hierarchy of priority of investable assets. To review, the first place to commit one?s retirement assets should typically be a work-sponsored plan that offers a match.
The Last Word on Kids and Cash (Kiplinger.com) What your children need to know about money and how to teach them.
The Worry-Free Way to Manage Your Retirement (The Motley Fool) Know the tricks to drawing down your savings.
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