Early IRA Withdrawals Without Penalties

An IRA or Individual Retirement Account is a type of account that aims to earmark funds to invest and earn for retirement. The purpose of having an IRA is for future retirees to have some means of income available during their retirement years. They can be very helpful if one knows how they work. One way to fully take advantage of the benefits that IRA’s can offer is by avoiding trying to withdraw funds from

Posted by Ardent Editor on Feb 11 2017 in IRAs Tags: , ,


Penalty Free IRA Withdrawals

The purpose of having an IRA is for future retirees to have some supplement income available during their retirement years. One way to fully take advantage of the benefits that IRA’s can offer is by avoiding trying to withdraw funds from the prematurely. Doing so will usually cause hefty penalties as well as the withdrawals subjected to state and federal taxes. But there are also cases where withdrawals or di

Posted by Ardent Editor on Sep 24 2012 in IRAs Tags: , , , ,


Basics About SEP-IRA Retirement Plans

The Simplified Employee Pension Individual Retirement Account (SEP-IRA) is a retirement plan available for self-employed individuals and small businesses.  It is basically a written plan that allows a self-employed individual to contribute towards retirement without the complexity of other plans.Eligibility and exclusionThe SEP-IRA can be participated by a self-employed person or employee of a small business who is at least 21 years of age, has worked for the company at least three of the last 5…

Posted by Ardent Editor on Sep 11 2008 in IRAs


Setting Up a Spousal IRA

Families in the United States nowadays are sometimes forced to have both parents work just to gain that sense of prosperity.  However, some families remain insistent on having either one of the parents, usually the husband, work while the spouse remains at home taking care of the children.  There is nothing wrong with both scenarios as long as families are able to strike a balance between gaining success in a career and developing filial relationships.  However, families with only one parent wor…

Posted by Ardent Editor on Sep 5 2008 in IRAs


Retirement Plans for Self-Employed and Small Businesses

Working for a large-scale organization gives you a variety of retirement options such as purchasing stocks, IRAs, and 401K, but how do you supposed to have a secured retirement if you are self-employed or organizing a small business? Retirement plans are also available for even sole proprietorship, as small business owners can set up a tax-advantaged plan for themselves and their employees. Here are some options you can do if you are an owner-employee or managing a small organization.SEP-IRA A S…

Posted by Ardent Editor on Aug 7 2008 in IRAs


The Basics on Rollover IRA

Preparing for your retirement should be done as early as possible. I’ve heard of stories from patents who were forced to retire early and end up not having pension. You company should have a retirement plan, and there are several options to choose from before setting up an Individual Retirement Account. You can either choose to take the lump sum and pay the taxes and penalties, or have it “roll over.”How Rollover IRA works?The Rollover IRA lets you move the money from a company-sponsored plan li…

Posted by Ardent Editor on Jun 4 2008 in IRAs


Introduction to Roth IRA

The United States has several Individual Retirement Accounts (IRA), which Americans use to save up for their retirement. In this article we introduce the Roth IRA, named for its chief legislative sponsor, Senator William Roth of Delaware.What is Roth IRA?A Roth IRA is an individual savings plan that accrues earnings on a tax-free basis and offers no tax deferral. Contributions can be made up to a specified limit, but it is not deducted on your income tax unlike in traditional IRA. Withdrawals ar…

Posted by Ardent Editor on May 19 2008 in IRAs


Understanding IRA Rollovers

For people looking forward to a good retirement in the future, it is important to know about the different means of making their retirement plans work for them. One of the most important things to consider when dealing with retirement plans may include deciding on the option for a rollover. Understanding rollovers may prove to be very important especially for people who are always jumping form one job to another more often. An IRA rollover simply means to move money placed into a retirement plan…

Posted by Ardent Editor on Feb 6 2008 in IRAs


Different Types of IRAs

IRA, or Individual Retirement Account is an example of an individual retirement plan account that can be used to benefit from tax advantages for one’s retirement savings. There are a number of IRA’s that individuals can choose from. The type of Ira would ultimately depend on what each individual requires and looks for to give the best benefits. There is the traditional IRA where the contributions are often tax deductible. This means that money contributed to this type of retirement account is de…

Posted by Ardent Editor on Oct 17 2007 in IRAs


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