Lawrence blau & associates, llc
This a retirement account that allows your money to grow tax-free. Anyone can contribute to a non-deductible traditional IRA, but not everyone can contribute to Roth IRA. Roth IRAs are typically setup and funded for young taxpayers where the growth period is longer and current income is lower. Roth IRA basics:
A type of traditional IRA for self-employed individuals or small business owners. Key facts are:
I invite you explore my summary of the various types of popular retirement plans currently offered and the qualifications, limits and tax implications. All limits and amounts are for 2016. As always, I am happy to walk through details of the retirement plans and help you determine which strategy makes most sense for you. Please contact me at 914-941-5533 or larry@LawrenceBlau.com with any questions or concerns that you may have.
-Larry Blau, MBA, CFP, RTRP
Many of us are aware of a traditional IRA, as it has been around for over 40 years. Basic facts are:
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