First introduced in 1974, the Individual Retirement Account (IRA) has been a preferred way for U.S. citizens to save money for retirement. Although the rules governing IRAs have changed over the years, the basic idea behind an IRA remains the same in, namely, to provide IRA holders tax advantages that encourage them to save for [...]
As tax time nears, a new report commissioned from IRC, commissioned by Greene IRA, shows a continued decline in Americans’ participation in Individual Retirement Accounts. The study, released in full today, shows an ever-widening gap between what average US citizens are saving for retirement and what they need to retire comfortably. As a result, Americans [...]
Greene IRA has commissioned a new study from Investment Company Research to examine the role of IRAs in Americans’ retirement preparedness. The study is the first comprehensive survey of it’s kind to be completed since 2008. It shows an alarming and continued drop in adoption of Individual Retirement Accounts as an investment vehicle. It show [...]
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 [...]