Tag: ira

Maximizing IRA Contributions for Tax Benefits in 2014 and 2015

Posted on February 3, 2015

Contributing to an IRA account lets you save for retirement and receive tax benefits, but there are limits on how much you can stash away each year before tax penalties occur. Contribution limits vary by age and situation, and you can maximize tax savings by splitting your savings between retirement accounts.

Weekly Tax Advice: Should I convert my IRA to a Roth IRA?

Posted on March 6, 2014

Roth IRA owners pay taxes on their income when they put it into the IRA, which increases tax liability now. However, all disbursements, including the earnings, are tax free, provided the owner sticks to the rules for withdrawing funds from the Roth IRA.

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