Financial Ideas to Consider
If you have money invested in a traditional IRA, you may want to consider converting all or a portion of your account to a Roth IRA in 2010. The key difference between these two types of retirement accounts is that your traditional IRA funds represent future tax liabilities when withdrawn, whereas Roth IRA distributions are completely tax free.
Learn More about why Roth IRA conversions are so important in 2010Spotlight
2010 RetirementContribution Limits
Have you taken full advantage of all the tax-saving opportunities available to you? Minimizing the tax bite on your portfolio is an important determinant of your long-term investing success. If you have not maximized your IRA, 401(k), or 403(b) plan contributions, now is the time to make adjustments to your contribution rate at work or set aside funds for your IRA. If you are not sure how much you can contribute, here is a handy reference.
Are You Prepared?
In our consumer-driven economy, it is easy for retirement planning to end up on the back burner. A recent survey published by the Employee Benefits Research Institute* found that only 44% of workers have tried to calculate how much they need to save for retirement. Another 44% have just taken a guess. What’s your plan?
Schedule a free consultation today.* Employee Benefits Research Institute’s 2009 Retirement Confidence Survey
