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IRA Basics

by Erik Steel

Tracy Olson: Flickr.com/photos/tracy_olson/6105639

An IRA, or individual retirement account, is a tax-advantaged way to set aside money for your future. Use these resources to help determine what kind of IRA is right for you, and to help maintain it so you can reach your financial goals.

  • How Does an IRA Work?

    An Individual retirement account allows Americans to enjoy substantial tax benefits on retirement savings. A variety of financial institutions offer IRAs, from neighborhood Read More

  • How a ROTH IRA Works

    ROTH IRAs are individual retirement accounts that are designed to help Americans retire with enough money to live. Discover how a ROTH IRA works and how it accrues money Read More

  • How Much Money Do You Need to Open an IRA?

    There are two types of IRAs: Roth and traditional. Roth IRA contributions are not tax deductible, but are tax-free when you withdraw them. If you will have a high income Read More

  • What Is the Best IRA?

    The best IRA is the one that is started at a young age, which will allow money to grow farther; but if starting an IRA at an older age, stay away from high risk Read More

  • How to Choose an IRA

    IRAs are a way to save money for your future without even realizing it. They are tax-advantaged and you can borrow against them in time of need. Read More

  • How to Make IRA Contributions

    Individual Retirement Accounts, or IRAs, are popular retirement savings tools. All contributions to traditional IRAs are tax deductible and lower your current year income Read More

  • How to Compare IRA CD Interest Rates

    Comparing IRA CD interest rates is similar to comparing interest rates outside of an IRA and requires checking with different banks and brokerage firms for the best rates. Read More

  • How to Determine a Simple IRA Contribution Amount

    To determine the maximum simple IRA contribution amount, visit the IRS Web site, or ask the human resources department. Contribute as much as possible to an IRA for the Read More

  • What Is the Difference Between an IRA & CD?

    The difference between an IRA and a CD is that an IRA is not an investment, but a vehicle that investments can be placed in to. Find out how a CD can exist inside an IRA Read More

  • How to Set Up a Self Directed IRA

    Self directed IRAs are becoming one of the more popular investments. With a self directed IRA you have more control of your investments and you can invest in non Read More

  • IRA Conversion Rules 2010

    In 2010, the IRA conversion rules for individuals making more than $100,000 will change so that existing IRAs can be converted into Roth IRAs with two years to pay off Read More

  • How to Invest in Real Estate With an IRA

    Many people know they can buy stocks, bonds and mutual funds in their IRA. What many do not know is you can also invest in real estate with an IRA. Read More

  • IRA Risk Tips

    IRA accounts are invested but they are invested in low risk mutual funds that, over time, acquire large returns. Understand how to determine the risk involved with Read More

  • IRA Distribution Penalties

    IRA distribution penalties for withdrawing IRA funds before the proper age include having the amount withdrawn counted toward taxable income and a 10 percent tax on top of Read More

  • ROTH IRA Borrowing Tips

    Borrowing money from a ROTH IRA incurs penalties paid to the government. Decide if borrowing from a ROTH IRA is worth the penalties with tips and advice from an experienced Read More

Main Photo Credit

Tracy Olson: Flickr.com/photos/tracy_olson/6105639

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