IRA: A Quick Reference Guide for 2019 - Tapa blanda

Sinopsis

The Individual Retirement Arrangement, or IRA, has been with us since 1974 and is today ubiquitous to most adults in the United States. It is a Retirement Account that allows workers to make tax favored contributions over their working lives, to rollover balances from employer retirement plans, to make almost unlimited investment decisions, to make discretionary withdrawals and even to inherit if they are named as the beneficiary on another's IRA.Despite its almost universality, IRAs are complicated, with many moving parts. This book is intended to be a quick guide to the common questions asked about IRAs. Rather than have to forage through thick books, incomplete on-line descriptions or passing comments in the popular press, why not combine all of the fundamental information in one place in a compact and easy to peruse format? Conveniently broken down into the IRA’s logical progression, from contributions to rollovers to mandatory withdrawals to naming beneficiaries, this quick guide provides hundreds of logically progressive bullet points on the most common rules governing both Traditional and Roth IRAs. Each of the 14 logical topics of IRA ownership and management are followed by multiple questions and answers, that will help IRA owners better understand, through common and real-world situations, how their IRA works and the fundamental rules IRAs must abide by.This IRA Quick Guide is intended to answer the common questions and to provide initial guidance on the path to answers to the more complex questions some might have. This Quick Guide is NOT intended to provide definitive or detailed instructions on more complex IRA decision making, as this level of complexity will depend on other personal financial variables and often involve more detailed understanding of the Internal Revenue Code. For that, one should seek the advice of a Certified Public Accountant or a Certified Financial Planner ™. But for most, the information contained in this text will provide the guidance they need.

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