Philippines Finance

Dec 2 2017

Tax-smart ways to convert a traditional IRA to a Roth IRA #how #to #convert #a

# Take tax control of your IRA conversion As more companies eliminate or reduce their pension plans, people are taking closer and harder looks at their personal retirement saving options. One possibility that appeals to owners of traditional IRAs is converting those savings to Roth retirement accounts. Right now, higher-income individuals can’t take advantage of such a transfer, but that will change in a couple of years. Be careful, though, whether you’re considering a conversion now or down the road. While a Roth IRA has definite advantages for many people, it’s not necessarily right for everyone. And even if the …

Nov 29 2017

6 Steps to Open A Roth IRA #where #to #open #roth #ira

# 6 Steps to Open a Roth IRA Quick Summary Most people can open a Roth IRA easily with the help of a bank, brokerage or financial advisor. There are a handful of steps in the process, from making sure you are eligible to picking the firm and investment choices, to setting up your contribution schedule. Once the account is open, maintaining it requires very little effort. Introduction Roth IRAs are one of the best ways to save for retirement. You aren t taxed on your investment returns over the years, and you can withdraw the money tax-free when you …

Nov 13 2017

2016-2017 Roth IRA Limits and Roth 401k Limits #roth #ira #maximum #contributions

# The 2017 Roth IRA limits and Roth 401k contribution limits will not change again this year. It s time to start planning your contributions. The 401k limits and IRA limits are determined based on inflation, but can only increase in $500 increments. I highlight the Roth IRA and the Roth 401k because they are my favorite retirement plans; the limits for traditional 401ks and IRAs are the same as the Roth 401k and Roth IRAs. The 2017 limits will stay the same for both the traditional IRA and the traditional 401k. In addition, the 401k limits are also the …

Nov 4 2017

Traditional IRA versus Roth IRA #can #i #contribute #to #a #roth #and #traditional #ira

# Traditional IRA versus Roth IRA Which Is Better – A Traditional IRA or a Roth IRA? The Roth IRA and the Traditional IRA both have benefits and drawbacks. By going over the pros and cons, I hope to help you get an idea of which retirement wealth building tool is more appropriate for your individual situation and objectives. Nick M. Do / E+ / Getty Images Updated April 30, 2017 Here s a common question asked by investors everyday. Which is better: a Traditional IRA or a Roth IRA? While both have their advantages and disadvantages, each are fantastic …

Sep 25 2017

403(b) Story: Roth IRA vs 403(b) # #403bwise, #403bwise.com, #403b #wise, #403b, #403 #b, #dan

# Wise Information for K 12 Employees 403(b) Story: Roth IRA vs 403(b) by Susan Johnston Taylor If you work for a public school system, a ministry, an institute of higher education or another nonprofit, then you may have the option to set aside money for retirement using an account called a 403(b). This is named for a section of the tax code. All income earners (or spouses of income earners) also have the option to save for retirement in a Roth IRA. So, which one makes more sense? We ll explain how they work and the differences below. Roth …

Sep 20 2017

8 Reasons to Roll Over Your 401(k) to an IRA, Investopedia, roll over k to

# 8 Reasons to Roll Over Your 401(k) to an IRA Whenever you change jobs, assuming you have a 401(k) in your current position, you have the option of moving your account into your new employer’s 401(k) or into an individual retirement account (IRA). Retirement is another time when you can make the switchover from your 401(k) to an IRA. Or, in some cases, you can leave it where it is. Which option should you choose? For most people, rolling over a 401(k) into an IRA is the best choice. Here are eight reasons why. 1. There Are More Investment …

Sep 12 2017

How to Open a Roth IRA, roth ira open.#Roth #ira #open

# YahooFinance Knowing how much you should save for retirement is a task unto itself, but whatever that number is, one thing’s for certain: the sooner you start saving, the better. Individual retirement accounts, or IRAs, are frequently used vehicles people can use to build their nest egg. This article focuses specifically on Roth IRAs, why you might want to open one, and how you can open your very own Roth IRA today. In just a few minutes, you’ll know everything you need to know about how to open a Roth IRA. Here’s the nitty-gritty on how to open a …

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 …