Taking an IRA Distribution

The rules for taking an IRA distribution from an individually owned IRA depend upon the type of account. There are two types of individually owned IRAs – traditional and Roth. The treatment of traditional and Roth IRAs differs significantly. For both types of accounts, distribution is governed by the age of the participant as well as the reason for the distribution. If you have a traditional IRA, your contributions might be tax deductible but your distribution may be taxable. To avoid tax whe...

Comfortable Retirement with a Roth IRA

Though the Roth IRA is only about ten years old, its popularity among retirement investors is quickly growing. There are many benefits to this IRA program and understanding why it is a superior product for your financial future may make the difference between a retirement of financial comfort or a daily struggle to make ends meet. (more…)