In the heat of the congressional moment, President Obama and his posse on Capitol Hill are learning about a possible new type of retirement savings. The Association of Mature American Citizens (AMAC) believes Social Security IRAs are a good fix for the budget fights. While AARP holds it stance on no changes to Social Security, [...]
Would a Traditional IRA or a Roth IRA be the best option for you? Calculate the benefits of each and see for yourself. While future rates are tough to predict and laws can change, you can obtain a sense of which account would be best suited for your retirement planning needs.
As the name suggests, IRAs, individual retirement accounts, are based on the individual. Each type of IRA, traditional or Roth, fits each person like a pair of slacks. Depending on size, preferences, and immediacy, these IRAs will suit savers differently. Roth and traditional IRAs are similar in their maximum annual contributions. For 2011, the max [...]
There are many styles of retirement piggy-banks, and each has their own perks and pitfalls. Some prefer the traditional pink piglet and others like the stainless steel version. Roth IRAs and 401k saving plans are worthwhile financial tactics. Each financial plan has its own stipulations for a meaty payback. Roth IRA Perks An IRA, or [...]