Job Changes and Rollover IRA’s

Whether you’re changing jobs or retiring, you’ve got a very important decision to make: What are you going to do with your 401K? Technically, you have 3 options to choose from:

• Take a lump sum payment.
• Leave it just where it is.
• Move your funds into a rollover IRA.

Each of these options has it’s pro's and con’s, so be sure to look into the details of each before making your final decision.

Roth IRA vs. IRA- in Plain English

The financial world is complex enough without having to worry about what kind of IRA you want to have; there are 11 of them. Thankfully, the majority of average Americans, men and women alike, tend to gravitate towards just 2: the Roth and the Traditional IRA.

The Pros and Cons of an Education IRA

The Coverdell Education Savings Account, formerly known as the, “Education IRA” has expanded greatly with the Economic Growth and Tax Relief Reconciliation Act (EGGTRRA).  This act allows contributions up to $2,000 per person (student) annually and can be set up with just about any mutual fund company or broker.

IRA’s and Your Taxes

Just how much money do you plan on retiring with? Do you want your investments to pay for your kids’ college education? Finance your dream house so that you can retire at the lake? What is it that you want to accomplish? Whatever it is, it’s probable that you want to do it the most profitable way and pay the least amount of taxes possible.

A Beginner’s Guide to IRA’s

IRA is the abbreviation for an Individual Retirement Account, and this is your beginner’s guide; the basic information that you need before making any decisions.