Over the past week we’ve been writing quite a bit about retirement accounts, which ones are better for different situations, and talking about what the Roth IRA contribution limits are.   Now I want to talk about another hot topic in retirement accounts, the 2010 Roth IRA conversion.

In case you haven’t heard all the buzz, this year marks a one time Roth IRA conversion event in which people can convert their traditional IRA’s, SEP IRA’s, Simple IRA’s, old 401k’s, old 403b’s into a tax free Roth IRA account.   Because of the conversion event, waves of people are expected to take advantage this year and convert their traditional taxable investment accounts into  tax free Roth IRA accounts.  Read more... (828 words, 11 images, estimated 3:19 mins reading time)

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A couple of months back the IRS released their 2010 Traditional and Roth IRA contribution limits.   It’s important to keep an eye on those limits year to year if you’re contributing to one of these account types. As was expected the 2010 Traditional and Roth IRA contribution limits remain the same for the coming tax year.

2010 Traditional And Roth IRA Contribution Limits

The Traditional and Roth IRA contribution limits for the 2010 tax year are $5,000 for those under the age of  50.   If you’re over 50 you have the option of making catch up contributions to your account, which brings your limit to $6,000.  Read more... (573 words, 11 images, estimated 2:18 mins reading time)

• Myrtle Creek Golf Course, Myrtle Creek, OR Myrtle Creek Golf Course is located in: Myrtle Creek, OR Phone: 888-T-MYRTLE Website: http://www.myrtlecreekgolf.com/ Course History: This is a terrific course that offers a wonderful traditional experience with just the right mix of challenge and fun. The course was first opened with 9 holes in 1997, and the back nine......
• Making Your Maximum Annual IRA Contribution at Tax Time RateLadder made a guest post on LazyMan's blog on a strategy he is using to fund his Simplified Employee Pension Plan (SEP-IRA). A SEP-IRA is a retirement plan for individuals that are self-employed, and thus do not have an employer sponsored plan (such as a 401k or 403b). Basically, he......