by Bob Veres All of a sudden, it seems like everybody in the financial planning world is talking about Roth IRAs and Roth conversions. In fact, an article in Financial Planning magazine–one of the trade magazines in our world–recently proclaimed 2010 “The Year of the Roth.” What’s the big deal? Roth IRAs are interesting to [...]
IRA accounts are designed for retirement. If a person decides they want to access their account prior to age 59 1/2, they will incur a Federal Income Tax penalty for early withdrawal of 10% of the amount withdrawn. In addition, the amount withdrawn is deemed ordinary income and taxed as such. If that weren’t bad [...]
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