Although it might be too late to contribute to your 401(k) for 2007, there is still time left to make self-directed IRA contributions. According to an article from money.cnn.com, you can stash up to $4,000 ($5,000 if you’re 50 or older) in an IRA and have that contribution count toward the 2007 tax year. Just [...]

Filed under: IRA Contributions on January 25th, 2008 | No Comments »

As the new year begins, many of us make resolutions, like losing weight, only to put them off. However, one thing you should not put off is saving for retirement. According to an article from www.fool.com, making annual self-directed IRA contributions is only one of the many important tasks we put off. However, you should [...]

Filed under: IRA Contributions on January 2nd, 2008 | No Comments »

According to an article from investopedia.com, the primary benefits of contributing to an IRA are the tax deductions, the tax-deferred or tax-free growth on earnings and, if you are eligible, the non-refundable tax credits. Earnings in a Traditional IRA grow on a tax-deferred basis, and on a tax-free basis in your Roth IRA. Contributing to [...]

Filed under: IRA Contributions on December 21st, 2007 | No Comments »

Worried about not saving enough for retirement? It may be the time to open a self directed IRA. According to the Pittsburg Post Gazette, if you do not have a retirement savings plan in place, such as a 401(k) or pension, you should take your annual tax refund (if you receive one) and open an [...]

Filed under: IRA Contributions on September 10th, 2007 | No Comments »

If your husband or wife is not working you can still make contributions to their IRA. According to an article from cnn.com, it is not possible to have a joint account but can have two separate accounts. However, you must make sure you have enough taxable compensation to fund both accounts. To find out more [...]

Filed under: IRA Contributions on August 24th, 2007 | No Comments »