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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.