| Home Services About Us Contact Us Global Investing Investor Education Institutional Investors |
|
|
||||
Traditional IRAWhat is a Traditional IRA and What are its Benefits?Traditional IRAs offer a tax-advantaged approach to accumulating funds for retirement. You may contribute up to $3,000 or 100 percent of earned income, whichever is less, to a traditional IRA annually. This dollar limit is reduced by any contributions you make to a Roth IRA for the same tax year. Benefits include:
Are Traditional IRA Contributions Deductible?Contributions may be 100 percent tax-deductible, depending on your adjusted gross income (AGI) and whether you or your spouse participates in a qualified retirement savings plan at work. For plan participants, the deduction phases out for AGIs between $32,000 to $44,000 for singles; or between $52,000 to $62,000 for joint filers. If you don't participate in a plan at work but your spouse does, the deduction phases out for a joint AGI between $150,000 and $160,000. Early Withdrawal ExceptionsIn most cases, a withdrawal from a traditional IRA before age 59 is subject to a 10 percent IRS penalty in addition to ordinary income taxes. However, there are exceptions. These include:
Source: Provided by Idex Funds Contact Atlantic FinancialFor more information or to have us answer any questions you may have, please call 1-800-559-2900, email Atlantic Financial, see our contact Atlantic Financial page, or use this short form to contact us: Also See: Rollover IRAs| Roth IRAs| SEP IRAs| Traditional IRAs |
||||
Financial Planning and Investment ServicesAtlantic Financial has been serving clients since 1994. Atlantic Financial enjoys a solid reputation for service, selection and value. We can review your wealth management plan, assist with your or 401k / IRA Rollover and assist you with global wealth management.
|
||||
|
|
||||
| Copyright © 1994-2009 Atlantic Financial, Inc. | ||||