Investing Advice

IRA Retirement Planning

These are little plans that are considered the lightweights of one-person retirement programs, but they work beautifully for people who make only a small amount of money in a side business. That's because they have no 20 percent requirement; they top out at 100 percent of compensation. You can put in up to $7,000 plus 3 percent of income. That means that if you only earned $10,000 from a side business in 2002, you could put $7,300 in a SEP and take a tax deduction.

Using the formulas of the bigger, more complex SEP, you would be allowed to put in only $2,000. SIMPLE plans are available from most financial services firms and do not have annual reporting requirements.

Other Retirement Planning Topics:

  1. Retirement Planning
  2. IRA’s (Individual Retirement Account) – Traditional IRA
  3. Roth IRA – Taking Money Out
  4. Employer Sponsored Retirement Plans
  5. Retirement Plans - Continued
  6. 401K Savings
  7. Notes for 403(b) Plan Participants
  8. Senior citizens retirement resources
  9. Retirement Plans for Small Business and Sole Proprietors
  10. Simplified Employee Pension (SEP) IRAs
  11. SIMPLE (Savings Incentive Match Plan for Employees) IRA
  12. Your own 401(k) for the self-employed
  13. Employer Retirement Plan Vesting and Contribution
  14. Forgotten Retirement Benefits
  15. Other thoughts about retirement accounts
  16. Other thoughts about your retirement needs

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Who's Not Investing?

Millions marry and start families each year without taking basic steps to make sure their future, as well as their children's, is financially secure.

According to a recent survey by Princeton University and the Consumer Federation of America, 70% of households with incomes under $50,000 a year have retirement savings of less than $5,000. This same report said "most Americans are living paycheck to paycheck".

Learn more about how you can plan, save and invest smart for your family's future.

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