New Tax Bill Creates the Greatest Tax Break of Your Life
Pittsburgh, PA (ContentDesk) May 18, 2006 -- James Lange, CPA/Attorney, says
taxpayers with an AGI greater than $100,000 need to know about the New Open Season for Roth IRA conversions that is provided for in the new tax law.Respected Roth IRA expert Lange says: The new tax law is HUGE for taxpayers making more than $100,000 who have an IRA. The long term benefit to your family of making a Roth IRA conversion can be estimated by multiplying the current value of your IRA by 15. Wednesday, May 17, 2006, President Bush signed a major tax bill that
presents wealthy Americans with an outstanding lifetime opportunity. The Tax Increase Prevention and Reconciliation Act (TIPRA) will lift the $100,000 AGI ceiling on Roth IRA conversions for tax years after 2009. In 2010, wealthy Americans will, for the first time, qualify for
Roth IRA conversions. Lets look at a scenario:
a taxpayer makes more than $100,000 and he has a $500,000 IRA. If he converts his IRA to a Roth IRA, in 20 years he will be better off by $250,000 and in 60 years his children will be better off by $7,500,000. James Lange, CPA/Attorney.
Americans will make bad decisions based on advice from well-intentioned but sadly mistaken financial professionals who havent run the numbers on Roth IRA conversions. Taxpayers need the best advice from a true expert who understands the intricacies of the Roth IRA conversion from a quantitative, tax and legal perspective. Lange says that Americans need to hear the right story.Lange has been quoted 20 times in The Wall Street Journal.
His book, Retire Secure! (Wiley, 9/2006) has been endorsed by Charles Schwab, Larry King, Ed Slott, Roger Ibbotson, and 70 other financial authors and planners. Jim's web site http://www.rothira-advisor.com has
25,000,000 hits.
Jims articles covering Roth IRA conversions have appeared in the peer-reviewed AICPA journal as well as other top journals. Book Jim for your show today or schedule an interview. Media trained, Jim is engaging, informative and knowledgeable, and he will provide your viewers, readers, or listeners with valuable and timely advice. For further information please call Cynthia Nelson at 1-800-387-1129..
Rolling your 401k: Contributory IRA vs. Rollover IRA
In an ideal world you would start your working career with a great company in your early 20s, steadily climb the corporate ladder, retire at age 65, and draw a sufficient income from your accumulated 401k account to live happily ever after.Unfortunately, that's not how the real world works. If you are like most people, you will change careers, or at least companies, several times. Each time, you'll be faced with the question of what to do with your accumulated 401k benefits.You will likely have a few choices: keep your 401k with your old employer (sometimes possible), roll the proceeds into your new employer's 401k plan, or put them directly into a self-directed IRA at a brokerage firm of your choice.Since leaving your 401k with your ex-employer has no benefits whatsoever and most employers will prefer you transfer out anyway, that leaves only the last two as viable options:1. Roll your 401k proceeds into the new employer's 401k plan of (if allowed)This is the most painless solution...
Rolling your 401k: Contributory IRA vs. Rollover IRA
Ira > Rolling your 401k: Contributory IRA vs. Rollover IRA
Asset Exchange Strategies, LLC Announces Key Partnership with Lifestyles Unlimited, INC. for Investing in Real Estate with IRAs
(ContentDesk) December 19, 2005 -- Asset Exchange Strategies, LLC, a leading self-directed IRA advisory firm that enables investors to purchase real estate and other non-traditional assets with an IRA, today announced that it has entered into a key partnership with leading Houston real estate investment and mentor group Lifestyles Unlimited, Inc. (http://www.luinc.com).
As a result of the strategic partnership, Asset Exchange Strategies will be the only company currently providing IRA LLC and other self-directed advisory services to Lifestyles Unlimiteds 4000+ members. With the exceptional tax and retirement benefits that alternative investments enable, especially using an IRA LLC, it is no wonder that their popularity is becoming more mainstream.
Asset Exchange welcomes the opportunity to work with an organization noted as the premier investing club throughout all of Texas, said Daniel Cordoba, Certified Estate Advisor,...
Ira > Asset Exchange Strategies, LLC Announces Key Partnership with Lifestyles Unlimited, INC. for Investing in Real Estate with IRAs
Retirement Savings Basics For a Secure Financial Future
The difference between an IRA and an ordinary investment account is that there are special tax advantages, but restrictions on the account apply. Individuals can only contribute up to $3000 per year to their IRA, or $3500 for people over fifty who want to jump start their retirement savings program. These limits are set to rise over the next few years, to $5000 in 2008, or $6000 for people over fifty. The contributions must be made from money which has been earned in the year the contribution is made. No tax is payable on the earnings from the investment as is grows, but the funds cannot be withdrawn until a certain age has been reached, usually fifty nine and six months, or penalties apply.A Roth IRA is a special type of account.
Contributions are not tax deductible, but investors can make tax free withdrawals after the age of fifty nine and six months, so long as the account has been established for more than five years. The basic difference between this type of account and...
Retirement Savings Basics For a Secure Financial Future
Ira > Retirement Savings Basics For a Secure Financial Future
Dog Clothes make Great Gifts!
Thinking of Giving Clothes as a Gift? There's one Recipient on your Gift List Who's Sure to be Thrilled.When it comes to the art of giving, a gift of clothes is fraught with peril. We've all had encounters from the receiving end. We all have stories to tell. If you don't, you will, just give it time.Mine started early. My grandmother, having survived the Depression, knew how to stretch a dollar.
Buying clothes for her grandkids meant getting everything 3 or 4 sizes too big so we could ...
Ira
Ira > Dog Clothes make Great Gifts!
skirts Ira New Tax Bill Creates the Greatest Tax Break of Your Life