SEP IRA Contributions for 2003 Can Still Be Made
Alexandria, Virginia (ContentDesk) January 22 2004--Small business owners still have a chance to cut their 2003 taxes by contributing to a SEP-IRA before filing their business tax return.
Employer contributions made to a Simplified Employee Pension-Individual Retirement Account, known as a SEP plan, are deductible for 2003, even if the SEP plan is opened and the contributions are made in 2004."A SEP-IRA allows small business owners and sole proprietors to cut their tax liability by making retirement contributions for their eligible employees," says Daniel Lamaute, retirement specialist at InvestSafe.com, a retirement planning website for the self-employed."The SEP-IRA has several advantages for employers", says Lamaute, "Employers get a tax deduction, and the SEP-IRA contribution is not taxed as income to the employees.
The earnings within the SEP IRA grow taxed deferred until the participant pulls the money out, usually at retirement." For 2003, employers can contribute up to 25% or $40,000 of an employee's wages, whichever is less to a SEP plan.
The maximum contribution rises to $41,000 in 2004. The employer is required to contribute the same percentage amount for all eligible employees.
"A SEP-IRA is an excellent choice for small business owners," says Lamaute "It affords them a vehicle for their employees to save money for their retirement.
It's hassle free, cheap and easy to set up.".
'How To' for Checkbook Control Self Directed IRA
Las Vegas, NV (ContentDesk) August 8, 2006 -- American Equity Corporation (http://www.americanequity.org) announced that its subsidiary SelfDirectedIRA.org has implemented a new free consumer website and it is now live online. SelfDirectedIRA.org provides consumers with a source for news, instruction, strategies and tips for implementing a
truly self directed IRA with checkbook control.Due to fact that we are a society concerned with providing adequately for retirement,
there has developed a need for a single source for the consumer to obtain the information necessary to fund their retirement programs in the most effective manner. While there are many sources that provide limited information to the consumer there is no single unbiased source.SelfDirectedIRA.org will fulfill the need for a single source. It will enable consumers to find everything they need related to self directed ira issues at a single site. SelfDirectedIRA.org provides free information for establishing...
Ira > 'How To' for Checkbook Control Self Directed IRA
Self Directed IRA with Checkbook Control
Is a sideways stock market and bad investment decisions preventing you from building wealth in your retirement account? If so, you might be interested in a small, but growing, trend among smart and savvy individual retirement account owners?investing their retirement funds in a Self Directed IRA with checkbook control and using that self-directed IRA to purchase real estate.
Using a Self Directed IRA with checkbook control to invest in real estate is accomplished in two steps:
1. By having your self directed IRA account to invest in a Limited Liability Company - a LLC that you will organize and administer.
2. You will then use this LLC to make the investments of your choice.
By using this two step method you can invest your IRA in estate without all the red tape and administrative fees involved in using your Self Directed IRA to directly make investments.
By using an LLC to make the investments of your choosing...
Ira > Self Directed IRA with Checkbook Control
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...
Ira > New Tax Bill Creates the Greatest Tax Break of Your Life
SEP IRA Contributions for 2003 Can Still Be Made Ira potty training
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 ...
SEP IRA Contributions for 2003 Can Still Be Made
Ira > Dog Clothes make Great Gifts!