Category Archives: IRAs

For Beginners: Retirement Accounts That Can Help You Save

Whether you’ve been working for years or are new to the work force, it’s never too early to start planning for retirement. Will you have the money you need? Establishing a retirement account may help you answer: Yes! A retirement account can help you save and prepare for your financial future so you have enough money when you’re ready to retire. Here are some of the most common retirement accounts. Read More

3 Mistakes You Might Be Making with Your IRA

Are you contributing? Have you designated a beneficiary? Did you inherit an IRA? Bruce Snow, Investment Representative with Zions Direct, outlines three of the common mistakes he sees people make with their individual retirement accounts. Read More

Are you a savvy manager of your IRA?

When it comes to retirement planning, most of the focus is placed on 401(k)s. The reality is that individual retirement accounts represent the largest share of America’s savings. Read More

2012 IRA Contributions – It’s not too late!

Think you missed out on your 2012 IRA contribution? Think again. Individuals can still make 2012 contributions up until April 15th, 2013 into a traditional or Roth IRA. For those under 50 years old, last year’s contribution limit was $5,000 of their earned income, while those over 50 may contribute up to $6,000. Read More

IRAs – Don’t be fooled on April 1st

April is just around the corner, which means there is a good chance that the fast-approaching tax deadline is at the forefront of your mind. For those lingering in the preparation process – or for those who have not even begun – there are some factors of which you may or may not be aware. Read More

Undoing a Roth IRA conversion may save money

The stock market’s summer nosedive was extra painful for those who recently converted their Individual Retirement Accounts to Roths. Read More

Traditional vs. Roth IRAs

When navigating the road to retirement, determining which savings vehicles are most appropriate for your current and future needs can seem complicated. Read More

Time remains to contribute to IRA, save on taxes

Is your tax bill too high? You may be able to cut it and save for your retirement at the same time. You can make a contribution to an IRA until April 18, this year’s filing deadline, and deduct the amount on your 2010 taxes. The maximum deduction is $5,000 or $6,000 for those 50 and older. Those 70½ and older are not eligible to make contributions. There are also limits, based on adjusted gross income, on how much you can deduct from your taxes if you are covered by a retirement plan Read More

Time for a Roth IRA Rollover?

2010 presents a unique opportunity to get retirement assets into a Roth IRA account. Before this year, only taxpayers with adjusted gross incomes less than $100,000 were permitted to move assets from another qualified retirement… Read More

Strategy Corner—Roth IRAs: New Opportunities

In this article, Contango Capital Advisors explores the benefits and pitfalls of Roth IRAs and why you might want to take a fresh look at them. All of you have heard of Roth IRAs, but most of you have not paid too much attention to them because they have had income limitations that have made them irrelevant to all income categories.

However, in 2005 Congress passed an amendment to the rules that will expand Roth IRA opportunities to everyone regardless of their wealth, beginning in 2010. Read More

IRAs as Building Blocks—Retirement: 2 of 6

In Part One of this series, Zions Bank Senior Vice President Paul Hansen offered an overview of some key considerations when planning for retirement. In Part Two, Hansen reviews IRAs, the building blocks of a retirement plan.

“After some Zions Bank clients expressed concerns about keeping IRAs open, I realized there was confusion out there,” Hansen says. “An IRA, or Individual Retirement Account, is a vehicle for saving. It’s not the investment itself. IRAs can be used to invest in stocks, bonds, mutual funds, Certificates of Deposit, money market accounts and other investment vehicles such as real estate. When investing in an IRA through a bank, clients can put their money in CDs and money market accounts covered by FDIC insurance for up to $250K.” Read More