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5 Reasons Everyone Should Contribute to an IRA

Posted in Tax News on February 11, 2011

  Here are the five reasons everyone should contribute to an IRA. 1) Income Tax Deduction.  Many taxpayers who contribute to an IRA will get a tax deduction.  Some taxpayers with higher incomes that participate in a retirement plan at…

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The Difference Between an IRA and a Roth IRA

Posted in Tax News on February 4, 2011

Deciding whether to open an IRA or  a Roth IRA is a major decision with potentially large financial consequences. Both forms of the IRA are great ways to save for retirement, although each offers different advantages and rules. 

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IRA…All the Way…to Retirement!

Posted in Tax News on January 28, 2011

The IRA (Individual Retirement Arrangement) is one of the more underutilized tools for retirement planning.  The primary benefit to an IRA is tax-deferred investing.  Income taxes are not paid until taxable distributions are made.  With limited exceptions, distributions made prior…

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