Category Archives: Traditional IRA

Retirement on a Budget

Many millennials feel the pressure of student loans bearing down upon them and it can be terrifying trying to figure out how to get rid of all of that debt. On top of worrying about your current financials, you have everyone under the sun telling you to plan for your retirement. You’re probably thinking, “With…
Read more

2014 Pension Plan Limitations Announced by IRS

The Internal Revenue Service announced some cost-of-living adjustments (COLA) for the 2014 tax year. These adjustments affect employer-sponsored retirement plans such as 401(k)s, defined benefit plans, simplified employee pension plans (SEP IRAs), savings incentive match plans (SIMPLE IRAs) and Roth and Traditional IRAs. A few did not change but many did; you can read the…
Read more

Traditional IRA vs. Roth IRA

Uh oh – we’re in the fourth quarter of the calendar year, it will soon be time to send your tax documents to your accountant . . . and you didn’t set up an IRA yet to start saving for retirement? No worries – you have until April 15, 2014 to make a contribution that…
Read more

Fourth Quarter Reminders about IRA Contributions and Withdrawals

With the last quarter of 2013 upon us, many Americans will make year-end contributions to their retirement plans; however, many individuals are not aware of current contribution limits and eligibility requirements for their Roth or traditional IRAs. All IRAs have eligibility and contribution restrictions based upon your income, age, and employment status. There are also…
Read more

How To Set Up A Self Directed IRA

Looking to estabish a Self Directed IRA, Self Directed Retirement Plan, or Real Estate IRA? Next Generation Trust Services, a self directed IRA administrator based out of Northern New Jersey, presents the basic steps to filling out the application paperwork to get your self-directed retirement account open! Control Your Future, Today!
Read more

What is a Traditional IRA?

A traditional IRA (individual retirement account) is any IRA that is not a Roth IRA or a SIMPLE IRA. Click here to learn about Roth IRA versus traditional IRA. You can set up and make contributions to a traditional IRA if you (or, if you file a joint return, your spouse) received taxable compensation during…
Read more

Roth IRA versus a traditional IRA

Not sure which IRA is right for you and your family? Deciding the benefits of a Roth IRA versus a traditional IRA? Well, if you're looking for answers that compare a Roth IRA versus a traditional IRA, you've come to the right place. Click here to learn “What is a traditional IRA?” When comparing a…
Read more