Roth IRA to be more accessible, but may not be best for all

Courtesy USATODAY.com Money - Block  Mon, 08/31/2009 - 18:42

Ever since its inception 12 years ago, the Roth individual retirement account has been popular with investors who love its simplicity.

But not everyone who wants a Roth can have one. You can't contribute to a Roth this year if your modified adjusted gross income exceeds $176,000 if you're married or $120,000 if you're single. however, starting in 2010, the income limit on Roth conversions will disappear, providing a backdoor way for anyone who has an IRA to own a...


 

Related items

The Obamas: $1.7 million in 2010 income
President Obama and the first family paid $453,770 in federal taxes on an adjusted gross income of $1,728,096 in 2010, the White House said Monday.

Desperate for tax deductions? Consider an IRA
The only thing you can do now to reduce your 2010 taxes is contribute to a deductible individual retirement account.

If you regret converting your IRA to a Roth, you can...
When it comes to converting a traditional individual retirement account to a Roth, you can reverse course without spending a dime.

CCENT/CCNA ICND1 Official Exam Certification Guide,...
CCENT/CCNA ICND1 Official Exam Certification Guide Second Edition   Master ICND1 640-822 exam topics with the official study guide Assess your knowledge with chapter-opening quizzes Review...

The Unwritten Rules of the Highly Effective Job...
The Proven Program Used by 600,000 Job Hunters! You put hours and hours of hard work into your job search and the companies you've contacted never call. It's a story all too common in the...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
money-employment.marc8.com