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Saving for Retirement: IRAs

Updated: January 7, 2009
As people get their financial plans for the coming year in order, it`s important to consider your retirement savings options. Individual Retirement Accounts (IRAs) can help you save. As shared by Donna Greene of First Busey Securities (Member NASD/SIPC) on "The Morning Show." SAVING FOR RETIREMENT Retirement plans at work -Roth IRAs -Individual accounts IRA BREAK DOWN Roth IRAs -Tax free -Good for younger people -No eligibility after 110,000/160,000 Traditional IRAs -Growth tax deferred -Penalities for withdrawal before age 59.5 -Deductible if you qualify 8 JANUARY 2004

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