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Rocco Beatrice - ArticlesBest IRA Rescue provides services on your IRA investments and traditional IRA and will help you reduce your inherited and beneficiary independent retirement account taxes in your estate assets. Roth on ROIDS is your advanced Roth IRA retirement planning strategy and one of the best IRA tax-savings strategies with benefits of a guaranteed death benefit, guaranteed principal, tax-free growth, and tax-free distributions from policy loans.
Contact us if you have any questions on your IRA retirement planning. Best IRA Rescue-Roth IRA planning. Original article: What's Better 401k or Roth IRA Boston, MA: 71 Commercial Street #150 Boston, MA 02109 California: 543 Victoria Ste. J, Costa Mesa, CA 92627 toll-free: 888-93ULTRA (888-938-5872) tel: +1.508.429.0011 fax: +1.508.429.3034 SIMPLE IRA Contribution LimitsSIMPLE IRA Contribution Limits. The SIMPLE (Savings Incentive Match Plan for Employees) IRA is a pre-tax retirement plan available via the employer and generally lower contribution limits than the 401k. The maximum contribution limits for Roth IRA, SIMPLE IRA & SEP IRA are different and varies each year. How Much Can I Contribute to a Roth IRA?How Much Can I Contribute to a Roth IRA? Contribution limits to your Roth IRA are based on age, income & contributions to other retirement accounts. Roth IRA rules for income limits are $169,000 if married filing joint or widowed. Contributions to Roth IRA change each year because of cost of living and inflation changes. How to Backstop Your Roth IRABackstop your Roth IRA with the Roth on Roids retirement planning tool. The safest way of backstopping your Roth IRA is to insure your money. The Roth on Roids is cash value life insurance & offers a guaranteed principal, minimum return guarantee, a death benefit. Can I roll my 401k to a Roth IRA?Can I roll my 401k to a Roth IRA? Discuss how to rollover the 401k, the IRA rules and requirements for the rollover and the types of IRA rollovers. What is a direct rollover? What is an indirect rollover? Penalties when you indirectly roll your 401k over to a Roth IRA. Cap salary filing joint on a Roth IRACap salary filing joint on a Roth IRA. The cap salary (based on modified gross adjusted income) for Roth IRA contributions limits when filing joint is $166,000 before phase-out begins. When filing single or head of household the cap salary was $101,000 for 2008. If you exceed the cap salary filing joint it could result in significant savings losses for retirement. Can I contribute to a 401k and a Roth IRA?Can I contribute to a 401k and a Roth IRA at the same time? Yes. The contribution limits for your 401k is $16,500 for 2009. The contribution limits for your Roth IRA is $5,000. Usually there is an employer match when contributing to your 401k. Asset Protection Trust: Beneficiary Defective Inheritor's Trust (BDIT)Asset protection called beneficiary defective inheritor's trust (BDIT) which is a trust set up by someone else. Discuss self-settled trust. If individual is not grantor of trust then BDIT does not have to be in a particular state. Knowing tax status of grantor and beneficiaries and if trust is in the same state of residency are vital facts when deciding on Types of Asset Protection & Trusts, Self-Settled Trust, Domestic Asset ProtectionAsset protection and trust in estate planning. Discuss simple trusts, gift-tax exclusion; generation skipping transfer-tax exemptions; transfer-tax system; supercharging trusts with no estate tax & gift tax; grantor trust. About protecting assets from malpractice by creating self-settled trust called Domestic Asset Protection Trust (DAPT). Using a Roth IRA as an Emergency FundUsing a Roth IRA as an emergency fund can incur up to a 10% penalty. To withdraw from Roth IRA without penalties one needs to be over 59 ½ and been contributing to the account for more than 5 years. There are exceptions to avoid penalties when withdrawing from Roth IRA in emergency times such as 72t distributions. Domestic / International Term Life or Cash Value InsuranceInternational Term Life or Cash Value Insurance pros and cons. Some Domestic / International Term Life are convertible and renewable. If one does not have a retirement savings plan then Cash Value Insurance may be better. What is a Variable Life Policy?
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