Category: Education
Created by: Timmwilson
Number of Blossarys: 22
English (EN) 
A rollover is the process of transferring funds and assets from one retirement account to another avoiding tax implications. This strategy is favorable when you are moving companies, or changing ...
Simply put, it is the conversion of assets from a Traditional, SEP, or SIMPLE IRA, into a Roth IRA. The reason for this conversion is the favorable end result of a Roth IRA, no distribution tax ...
A Roth IRA is a retirement account that is slightly more flexible than that of a Traditional IRA. Initial contributions to this retirement account are not tax-deductible, but the distributions are ...
Traditional IRAs give the ability for individuals to contribute pretax income to an account, up to an annual contribution limit. These contributions may be used to invest into marketable securities ...
An IRA is a tool for anyone to plan for retirement, while having the ability to earn additional capital on those funds. Most IRA contributions are tax deferred with the exception of Roth IRAs, and ...
By: Timmwilson