The first thing you need to know about your 2011 IRA is that the final contribution deadline doesn’t happen until 2012. The IRS allows you to contribute to the previous year up until the normal federal tax deadline. Typically, this falls on April 15th, but because that falls on a Sunday this tax season, the [...]
What’s new with Roth IRA rules in 2012? Be sure to bookmark this page for reference. First, let’s recap the Roth IRA maximum contribution limits. These vary depending on your age, and the 2012 rules haven’t changed significantly since the 2011 Roth Income Limits. Basically, if you are under fifty in 2012, the most the [...]
Are you wondering how to open a Roth IRA, but not sure where to start? Everyone knows you should save for retirement and open a Roth IRA account, but so few of us actually do. The reason…perhaps it’s too difficult or you lack the information. Or perhaps it’s too time consuming or too costly. Whatever [...]
Do you know your Simple IRA contribution limits for 2011 and 2012? They are much different than your standard IRA contribution rules. When people contribute to a Simple IRA, as opposed to a Roth IRA contributions or traditional account they do so through employer contributions and contributions involving reductions in salaries. Simple IRA contributions can [...]