Business

Business

The purpose of an IRA is to serve as a personal tax-qualified retirement savings plan. Anyone who works, whether as an employee or self-employed, can set aside a set amount in an IRA, with the earnings on these investments tax-deferred until the date of distribution. In addition, certain individuals are permitted to deduct all or part of their contributions to the IRA. Plus, as of 1998, certain individuals can also set up Roth IRAs, to which contributions are not deductible, but from which withdrawals at retirement won’t be taxed.

Business – Directory of business/finance/loan/mortgage related partner sites

Computers – Directory of computer hardware/software/peripheral related partner sites

Internet – Directory of webhosting/webdesign/internet marketing related partner sites

Software – Directory of software related partner sites

Web Design – Directory of web design/development related partner sites

Web Hosting – Directory of web hosting related partner sites

Web Promotion – Directory of search engine optimization/internet marketing related partner sites

Web Resources – Directory of other web related partner sites

Recreation – Directory of travel/hotel/cruise related partner sites

Casino – Directory of online gambling/poker/blackjack/roulette related partner sites

Health – Directory of online pharmacy/hospital/health related partner sites

Shopping – Directory of online shopping/gift related partner sites

Miscellaneous – Directory of all other partner sites

It doesn’t take much to set up an IRA. The trustee (or custodian) can be a bank, mutual fund, brokerage house or other financial institution. You cannot be your own trustee. An IRA can be established and a contribution made after year-end, no later than the due date for filing the income tax return for that year, not including extensions. This generally means that you have until April 15th of the following year to make the contribution and deduct it on your tax return.