Basic Retirement Plan Simple

Retirement planning is actually incredibly simple and straightforward for most people. However, it can quickly sound complex because of all the edge cases, exceptions, and possibilities that really only affect a small number of people. If you eliminate all of that noise, however, there really isn’t much to the average …

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RMD Rules Required Minimum Distributions Guide

Why Are There RMDs or Required Minimum Distributions? Required minimum distributions, or RMD, is the minimum amount you must withdraw from certain retirement accounts each year. To understand why there are RMDs, it helps to look at things from the government’s perspective. The government runs by collecting tax dollars. However …

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This Fall on Finance Gourmet

Fall is coming. OK, it’s not as dramatic as winter is coming, but let’s be honest. It’s season 4 of the TV show, and Book 6 in the series, and winter still hasn’t actually come. Fall will be here much sooner as the yellow leaves on the trees out front …

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2012 IRA Contribution Limits

An IRA is an Individual Retirement Account. The IRA allows taxpayers to save money for retirement in a tax-advantaged manner. There are two types of non-business IRA accounts. With a traditional IRA, contributions are tax deductible for certain taxpayers. In addition, all monies within the account grow tax-deferred until withdrawal. …

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Should I Convert My IRA to a Roth IRA In 2010?

As the end of the 2010 tax year comes to a close, an interesting question is coming up more often. Should I convert my IRA to a Roth in 2010? There is a special 2010 tax trick that allows you to convert your traditional IRA to a Roth IRA and …

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