Philippines Finance

Aug 13 2017

When You Roll Over an IRA or Annuity Do You Pay Taxes? #rolling #over #an

# When You Roll Over an IRA or Annuity Do You Pay Taxes? More Articles An individual retirement account and an annuity are both used in retirement planning, but they are different instruments. An IRA is a sort of savings account, usually established with a bank or other financial institution. An annuity is a contract with a life insurance company that can pay out money to an account holder at regular intervals. An IRA can buy an annuity, and an annuity can fund an IRA. Tax-Free Exchanges Both IRAs and annuities can be exchanged for other types of retirement plans, …

Aug 13 2017

2017 Roth IRA Rules – Income, Contributions – More #roth #ira #maximum #contributions

# Roth IRA Rules 2017 Roth IRA Rules – Eligibility, Income, Contribution Limits, and More Quick Summary You may only contribute to a Roth IRA if you make less than a certain amount of money: $133,000 for single filers and $196,000 for married couples. The maximum annual direct contribution to a Roth IRA is $5,500 unless you are age 50 or over, in which case it is $6,500. You may make a contribution anytime from January 1 to the tax filing deadline (April 18 in 2018). Note: The article below refers to the 2017 tax year. You have until the …

Aug 12 2017

SIMPLE IRA Employer Match Guidelines #simple #ira #employer #contribution

# SIMPLE IRA Employer Match Guidelines A Savings Incentive Match Plan for Employees (SIMPLE) IRA is one of the easiest and least expensive small-business employee retirement plans to set up and run. Among its benefits is a tax credit of up to $500 per year for the first three years, and no annual government reporting requirements. However, there are employer contribution rules and mandatory disclosure guidelines that every SIMPLE IRA must follow. Employer Contributions Every employer must make either matching or nonelective contributions to their eligible employee s SIMPLE IRA retirement accounts. However, the choice about which option to use …