Comments on: IRA Restrictions – A Guide to Your Best IRA http://wealthpilgrim.com/ira-restrictions-a-guide-to-your-best-ira/ WealthPilgrim.com - A Journey To Self, Health and Wealth Sat, 11 Feb 2012 14:42:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Thisiswhyubroke.com! http://wealthpilgrim.com/ira-restrictions-a-guide-to-your-best-ira/#comment-5153 Thisiswhyubroke.com! Wed, 26 May 2010 06:11:09 +0000 http://wealthpilgrim.com/?p=14617#comment-5153 I agree! Dont pass up free money when your employer is offering you matching. I can't understand why people don't take advantage of this by any means necessary. "Its time to stop paying your debts. Yes, you." I agree! Dont pass up free money when your employer is offering you matching. I can’t understand why people don’t take advantage of this by any means necessary.

“Its time to stop paying your debts. Yes, you.”

]]> By: Nunzio Bruno http://wealthpilgrim.com/ira-restrictions-a-guide-to-your-best-ira/#comment-5140 Nunzio Bruno Tue, 25 May 2010 17:43:15 +0000 http://wealthpilgrim.com/?p=14617#comment-5140 Those "Bottom Lines" were great summations. The world of IRA's is def not an easy one and with so many people taking their IRA's into their own hands it can get pretty volatile. Your end point about maxing out contributions to employer sponsored plan is important, you don't want to miss out on any kind of matching programs! This is a good post for employers who thought that providing plans for employees would be too difficult or they were too small. Those “Bottom Lines” were great summations. The world of IRA’s is def not an easy one and with so many people taking their IRA’s into their own hands it can get pretty volatile. Your end point about maxing out contributions to employer sponsored plan is important, you don’t want to miss out on any kind of matching programs! This is a good post for employers who thought that providing plans for employees would be too difficult or they were too small.

]]> By: Erica http://wealthpilgrim.com/ira-restrictions-a-guide-to-your-best-ira/#comment-5136 Erica Mon, 24 May 2010 20:35:28 +0000 http://wealthpilgrim.com/?p=14617#comment-5136 I've been wondering about restrictions on multiple retirement accounts. I'm young and I max out my Roth IRA every year. I'm self-employed and in a low tax bracket, but I may bump up next year because I've had more work. I've saved more than half my income so far this year. Would I be allowed to open a second retirement account, with the hope that a tax-deductible contribution would bring me back down a bracket? Which account would be best? Would this be a dumb idea, since I wouldn't be able to use that money (penalty-free) for 30 years? I’ve been wondering about restrictions on multiple retirement accounts. I’m young and I max out my Roth IRA every year. I’m self-employed and in a low tax bracket, but I may bump up next year because I’ve had more work. I’ve saved more than half my income so far this year.

Would I be allowed to open a second retirement account, with the hope that a tax-deductible contribution would bring me back down a bracket? Which account would be best? Would this be a dumb idea, since I wouldn’t be able to use that money (penalty-free) for 30 years?

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