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IRA Calculator
This free IRA calculator will help you determine your maximum tax deduction for which you qualify. Just enter your modified adjusted gross income, choose the year, your filing status, whether you’re covered by a retirement plan at work, and your age and click the “Calculate” button to see your maximum deduction. Note: This calculator doesn’t… Read More
2010 & 2011 SEP IRA Contribution Limits
The 2010 & 2011 SEP IRA contribution limit is $49,000 for small business owners and self employment income. Partnerships, Limited Liability Companies (LLC), Sole Proprietorships, and S and C Corporations qualify to invest in this retirement plan. However, calculating the actual contribution depends upon business type as follows: Sole Proprietors The actual SEP IRA contribution… Read More
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2012 Roth IRA Contribution Limits
Here are the 2012 Roth IRA Contribution Limits indexed by modified adjusted gross income and filing status. Depending on these factors, you’ll either qualify for a full contribution, a partial contribution, or not be eligible to contribute to a Roth IRA for 2012. (See Roth IRA Contribution Limits for details and explanations of the rules… Read More
What is a SEP IRA?
SEP IRA is an acronym for Simplified Employee Pension Individual Retirement Account and is a modified version of a traditional IRA for a self-employed business owner and for a business owner with employees. This type of retirement plan is especially useful for the self-employed as there are no minimum payroll or employee roster requirements to… Read More
SIMPLE IRA Rules
SIMPLE IRA rules govern this special type of IRA account that allows smaller employers to provide a retirement plan for their employees much like the 401k plans offered by larger employers. These plans are easy to set up, easy to administer, and allows employees to make tax advantaged salary reduction contributions and employers to make… Read More
Roth IRA Contribution Limits
Roth IRA contribution limits define certain rules that will help you determine if you are eligible to make a contribution to a Roth individual retirement account during a particular tax year. When retirement planning, keep in mind that Roth IRA contribution limitations are different than traditional IRA contribution limits so be sure you’re looking at… Read More
2010 IRA Contribution Limits
2010 IRA contribution limits that are eligible for a tax deduction are the lesser of $5,000 and your taxable compensation for 2010. This limit can be invested solely in a traditional IRA or a Roth IRA or split between the two retirement accounts. You’re also eligible to add an additional $1,000 in catch-up contributions if… Read More
SEP IRA Rules
SEP IRA rules for Simplified Employer Pension plans govern the availability, establishment, contributions, distributions, and termination of these tax advantaged retirement plans. Contributions can be very generous which makes SEP IRAs popular with employees and employers can manage funding levels on a year by year basis to coincide with the ebb and flow of finances… Read More
Roth IRA Calculator
This free Roth IRA calculator will help you determine your maximum contribution when you’re evaluating traditional vs. Roth IRAs. Just enter your modified adjusted gross income, choose the year, your filing status, and your age and click the “Calculate” button to see your maximum contribution. See Roth IRA Contribution Limits for more details about these… Read More
2010 Roth IRA Contribution Limits
Here are the 2010 Roth IRA Contribution Limits indexed by modified adjusted gross income and filing status. Depending on these factors, you’ll either qualify for a full contribution, a partial contribution, or not be eligible to contribute to a Roth IRA for 2010. (See Roth IRA Contribution Limits for details and explanations of the rules… Read More
IRA Calculator
This free IRA calculator will help you determine your maximum tax deduction for which you qualify. Just enter your modified adjusted gross income, choose the year, your filing status, whether you’re covered by a retirement plan at work, and your age and click the “Calculate” button to see your maximum deduction. Note: This calculator doesn’t… Read More
2010 & 2011 SEP IRA Contribution Limits
The 2010 & 2011 SEP IRA contribution limit is $49,000 for small business owners and self employment income. Partnerships, Limited Liability Companies (LLC), Sole Proprietorships, and S and C Corporations qualify to invest in this retirement plan. However, calculating the actual contribution depends upon business type as follows: Sole Proprietors The actual SEP IRA contribution… Read More