New Website, TheRothIRAExperts.com, Offers Free Roth IRA Resources And Help To Planning Retirement
TheRothIRAExperts.com is the new online source of information that discusses retirement planning, with particular emphasis on Roth Individual Retirement Account.
New York, NY (I-Newswire) August 6, 2012 - People who are enjoying their youth often have retirement planning at the bottom of their priorities list, if any. Most individuals, who are at the peak of their careers, busy reaching their goals and having a fun social life think that retirement planning can wait. Before they know it, time has flown so fast, and it appears to be too late to plan on their retirement – which translates to difficult finances as they age.
The United States law dictates that contributions under the traditional retirement plan are tax deductible and qualified distributions are not tax-free. The Roth individual retirement account or Roth IRA offers account holders more flexibility and is regarded as one of the most flexible retirement accounts currently available. As a result, Roth IRA is highly a popular option.
TheRothIRAExperts.com provides free information on the ins and outs of retirement planning, and focuses on Roth IRA. The newly launched website comes with articles with an in-depth of the differences between a Roth and a Traditional Individual Retirement Account. It also underscores the many regulations governing both options, including data on tax implications, eligibility, risks and account opening.
TheRothIRAExperts.com notes that traditional IRA stipulates that contributors cannot make any withdrawals from the account until they reach at least 59 ½ years of age, without incurring a penalty of ten percent of your withdrawal. By contrast, Roth IRA account holders are allowed to make withdrawals from the account at any time without incurring a penalty.
To be eligible for Roth IRA, prospective account holders need to prove that they are average income earners, as defined by the Internal Revenue Service. With respect to taxes, traditional IRA account holders pay up front when making contributions, while Roth IRA holders can make withdrawals from their account later.
TheRothIRAExperts.com cautions that since a Roth IRA account is a form of investment, there are some risks associated, much as there are rewards. The account may grow dramatically over the years, depending on the performance of the market and the contributions – which are all are tax-free earnings as well.
To learn more about Roth IRA and retirement planning, please visit http://therothiraexperts.com/ for details.
Elijah James; Online Web Solutions
Published On:August 6, 2012
Print Release:Print Release
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