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Traditional and Roth IRA Contribution Limits for 2010

by Flexo on January 1, 2010. Investing 1 comment.

Other than the removal of the income limitation for Roth IRA conversions this year, 2010 is not much different than 2009 in terms of IRA maximums. Like 2009, the maximum you may contribute to your Traditional and Roth IRAs combined is $5,000. If you reach age 50 this year, you may contribute an extra $1,000 ... Continue reading this article…

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2010 Roth Conversion: Good Idea?

by J.J. on November 17, 2009. Investing 5 comments.

Over the next couple of weeks, six finalists will be auditioning for the opening of “staff writer” at Consumerism Commentary. Each will be providing two guest articles to share with readers. After the six writers have shared their guest articles, readers will have an opportunity to provide feedback before we select the staff writer. This article ... Continue reading this article…

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Roth IRA Conversion

by Flexo on August 21, 2009. Investing 3 comments.

The option to convert a Traditional IRA to a Roth IRA has been around for a while. Here are the differences between a Traditional IRA and a Roth IRA for those new to these retirement accounts. As long as your modified adjusted gross income (MAGI) is under $100,000 you have qualified for this conversion. Contributions ... Continue reading this article…

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Traditional vs. Roth IRA: An Introduction and Comparison

by Flexo on March 11, 2009. Investing 11 comments.

The Individual Retirement Account (IRA) allows anyone who earns income the opportunity to save for retirement, regardless of the plans offered by his or her employer. An IRA is not an investment in itself, it’s an account type. Within the IRA, you can keep your money for the future in money market funds, CDs, ... Continue reading this article…

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Traditional and Roth IRA Contribution Limits for 2009

by Flexo on January 1, 2009. Investing 80 comments.

Are you looking for Traditional and Roth IRA contribution limits for 2010? Click here for the current information. Otherwise, read below for Traditional and Roth IRA contribution limits for 2009. Related: Roth IRA Conversion and Traditional vs. Roth IRA: An Introduction and Comparison The total contribution limit for IRAs is not changing in 2009. Just like 2008, ... Continue reading this article…

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