Good Financial Cents

MAY 1, 2023

A Contributory IRA, otherwise known as a traditional IRA , is a retirement savings account that allows individuals to make contributions from their earned income. Contributory IRA accounts are held by custodians, such as banks, brokerage firms, and mutual fund companies.

Risk Tolerance 94

Risk Tolerance Taxes Retirement Retirement Planning 94

Getting Your Financial Ducks In A Row

MARCH 13, 2023

Photo credit: jb For the most part, it is recommended to merge all of your IRA money together into a single account, to simplify record-keeping, allocation, and paperwork in general. This would be anyone whose total IRA account is (or may become) over $1 million – and regardless of whether or not you think bankruptcy is a possibility.

Retirement Planning 112

Retirement Planning Accounting Planning Retirement 112

Getting Your Financial Ducks In A Row

OCTOBER 17, 2022

Note: it’s interesting to learn about IRA history in order to better understand why some provisions are the way they are. This IRA history is updated occasionally as new provisions are added. The IRA, originally offered strictly through banks, become instantly popular, garnering contributions of $1.4 billion by 1981.

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Retirement Distribution Taxes Retirement Planning 117