Retirement Plans
can be a good method of tax-advantaged savings!
Solo 401(k)
Plan. If your
business is essentially a one-person operation, there's a relatively
new option to help you save more money for retirement: The Solo
401(k) plan.
IRA
Withdrawals In general, it isn't
wise to tap your tax-deferred nest egg before you retire
because of the penalty you have to pay. There are some interesting
exceptions to the general rule for you to
consider.
IRA Rollovers - IRA
Rollovers are limited to 60 days. What happens if you miss the
deadline.
Alternative
IRA Investments One nice thing about IRAs —
including SEP IRAs, SIMPLE IRAs, and Roth IRAs — is that you have
some freedom to manage the investments in them as you see fit. So
you’re not necessarily restricted to investing only in traditional
retirement account assets such as publicly traded stocks, bonds,
mutual funds, Treasuries, and money market
instruments.
Converting to a Roth
IRA Converting a
traditional IRA into a Roth IRA can be a wise idea, depending
on your circumstances. It's true that a conversion will
trigger a current federal income tax bill, which is generally based
on the balance of your traditional IRA reduced by any nondeductible
contributions. However, the benefits will likely make the
transaction worth it.
Protect Your
Retirement
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