Glenn Daily on Buying Annuities and Why it Might Make Sense to Wait
Glenn Daily is one of the top financial advisors in the country.
Specializing in life insurance and annuities, Glenn is widely...
Companies:
Key Phrases Autotag:
Glossary:
Roth IRA
A Roth IRA is a retirement savings vehicle like a 401K or traditional IRA. Roth refers to the legislative sponsor, and IRA stands for individual retirement account. Unlike a traditional IRA, your contributions to a Roth IRA are not tax deductible. However, the beauty of a Roth IRA is that you’re not stuck with a tax bill on your withdrawals. That includes the gains on your investments, as long as you are older than 59 ½ years and the Roth IRA has been opened for at five years. In short, a Roth IRA is a tax-advantaged form of wealth accumulation. First-time home buyers can pull out as much as $10,000 in profits, again without penalties or taxes, as long as the account has been in place for five or more years.
American General
Short Company Name:
American General
Long Company Name:
American General Life Companies
Company Type:
Insurance Company
Web Site:
Phone Number:
800-242-4079
Fax Number:
713-831-3028
Year Founded:
1926
Glossary:
Should I Convert to a Roth IRA
Submitted by tom on
As mentioned elsewhere on the site, Glenn Daily is one of the top fee-based financial planners in the country.
He is also very generous with his time/thoughts and he publishes frequently.
Glenn published an outstanding piece that discusses and analyzes the decision about whether to convert to a Roth IRA.
Forums:
Key Phrases:
Glossary:
- Read more about Should I Convert to a Roth IRA
- 4 comments
- Log in to post comments
Roth IRA Conversions in 2010
Submitted by Anonymous on
What is the best resource for information about the new Roth IRA conversion rules that went into effect this month?
Forums:
Glossary:
- Read more about Roth IRA Conversions in 2010
- 1 comment
- Log in to post comments
Roth IRA Conversion Tips to Consider
In January 2010, many investors who had previously been prevented from considering a Roth IRA conversion because of income limits will be able to consider converting to a Roth IRA. Asset manager Charles Schwab recently published a useful list of tips that are worth considering in light of the Roth IRA conversion opportunities. Much of the content naturally focuses on tax considerations and differences between traditional and Roth IRAs. Source: Charles Schwab Full Story
Key Phrases:
- Read more about Roth IRA Conversion Tips to Consider
- Log in to post comments
