Generally, the maximum IRA contribution limits increase for 2020. For both Roth and Traditional IRA, regular contribution is now at $6,000 maximum, while catch-up contribution also increases to $7,000. This is definitely good news for everyone who have IRAs because it means that they can save up more for their future.

Why Save for Retirement?

If you haven’t already began, you may be asking yourself why today is a good time to start saving for your retirement? You’ve heard this all before – saving for retirement is one of the most common things that we usually hear from many financial advisers. However, sadly, not everyone had the chance to do this while they were young, and most people didn’t get the chance to enjoy their retirement because they had to work again to support for their needs, or worse, they had to rely on their children to support them.

saving for retirementYoung professionals today are really encouraged to start saving for their retirement as early as possible. Even though retirement is a long way ahead, time is of the essence. The earlier that you start to save, the better. When it comes to saving for retirement, nothing beats an IRA. IRA does not only allow people to put up funds for the future, but it also allows you to grow your funds and make your money work for you. An IRA, after all, is an investment vehicle where you can easily create a diversion of your investment portfolio in order to maximize income possibility and minimize risks. [click to continue…]

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Why Save for Retirement

One does not have to fear retirement when they are prepared. So how do you become prepared? First of all, we must understand that we will not be earning the same amount of income (nor more) for the rest of our lives. When we age and get old, we will be forced to leave our […]

Real Estate IRA

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Early Withdrawal from IRA

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How to Open an IRA

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What is an IRA

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Best IRA Investments

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Best IRA Companies

Investing in an Individual Retirement Account, or IRA, is definitely one of the wisest things that you can do while you are still employed. This is a kind of retirement plan which will serve as your income replacement in the future, which allows us to enjoy profits. Investors need to carefully choose the kind of […]

Roth IRA Rules

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Bank IRA Rates

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Best Roth IRA Providers

A Roth IRA is a type of Individual Retirement Account plan that is more preferred by most investors, especially those people who expect to belong to a higher tax bracket in the future. This is because the contributions that are made to a Roth IRA are taxed right at the moment these are made, thus, […]