Articles on Traditional IRAs

Active Participant Status–Can You Deduct Your IRA Contribution?:There is much confusion about the definition of an active participant and how it affects an individual’s ability to claim a tax deduction for a contribution to a Traditional IRA

Traditional or Roth IRA Contribution- Making The Choice: The traditional IRA and Roth IRA share many similarities. However, it is the differences that usually cause an individual to choose one over the other.

Tips for IRA Season: During the first few months of the year, many taxpayers will be looking for ways to reduce their tax burden for the previous year, and also take advantage of tax benefits

The IRS Announces Plan Limits for 2008 :The IRS issued Revenue Procedure 2007-66 and IR-2007-171, in which they provide plan limits for 2008. The following are the highlights

Donating Retirement Assets to Charities : Americans have long been looking for ways to donate their retirement assets to charities on a tax-free basis, while they are alive. The PPA of 2006 provide options for some...

Timing of a Donation of IRA Assets Determines Taxation :The timing of a gift of retirement assets to charity will determine its tax impact..

IRA Contributions- Back to Basics :Of all the retirement plans, the Traditional IRA and the Roth IRA are the most accessible retirement saving vehicles for funding your retirement nest egg.