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
