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Posts Tagged ‘ira’
Which is Better For You: Traditional IRA or Roth IRA?
According to the Government Accountability Office (GAO), the median amount of retirement savings is about $104,000 for households with members between 55 and 64 years old, and $148,000 for households with members 65 to 74 years old. To increase savings for retirement, taxpayers can use tax-saving retirement plans such as IRAs, Roth IRAs, and 401(k). However, saving early and saving more are the keys to having a satisfactory income after retirement. Roth IRS vs. Traditional IRA Some ...
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Three Tax Saving Tips
Not everyone’s retirement plan is as comprehensive as it should be. Members of the baby boom generation are learning that the hard way. According to a study by the Insured Retirement Institute, around 40% of all boomers don’t have a single cent saved for their retirement. The result is that they are dependent upon Social Security or have to postpone retiring from work. Having a solid retirement plan can actually coincide with making the right investments. ...
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I had to become self employed several years ago and my lack of expertise with taxes left us with a considerable tax burden. The consultants kept me informed and were always available to answer my concerns and questions. They were able to bring our case to a comfortable conclusion with the IRS. Their expertise definitelu minimized my stress.
— Karen S.; Peoria AZ
