New Tax Bill Creates the Greatest Tax Break of Your Life
Pittsburgh, PA (ContentDesk) May 18, 2006 -- James Lange, CPA/Attorney, says
taxpayers with an AGI greater than $100,000 need to know about the New Open Season for Roth IRA conversions that is provided for in the new tax law.Respected Roth IRA expert Lange says: The new tax law is HUGE for taxpayers making more than $100,000 who have an IRA. The long term benefit to your family of making a Roth IRA conversion can be estimated by multiplying the current value of your IRA by 15. Wednesday, May 17, 2006, President Bush signed a major tax bill that
presents wealthy Americans with an outstanding lifetime opportunity. The Tax Increase Prevention and Reconciliation Act (TIPRA) will lift the $100,000 AGI ceiling on Roth IRA conversions for tax years after 2009. In 2010, wealthy Americans will, for the first time, qualify for
Roth IRA conversions. Lets look at a scenario:
a taxpayer makes more than $100,000 and he has a $500,000 IRA. If he converts his IRA to a Roth IRA, in 20 years he will be better off by $250,000 and in 60 years his children will be better off by $7,500,000. James Lange, CPA/Attorney.
Americans will make bad decisions based on advice from well-intentioned but sadly mistaken financial professionals who havent run the numbers on Roth IRA conversions. Taxpayers need the best advice from a true expert who understands the intricacies of the Roth IRA conversion from a quantitative, tax and legal perspective. Lange says that Americans need to hear the right story.Lange has been quoted 20 times in The Wall Street Journal.
His book, Retire Secure! (Wiley, 9/2006) has been endorsed by Charles Schwab, Larry King, Ed Slott, Roger Ibbotson, and 70 other financial authors and planners. Jim's web site http://www.rothira-advisor.com has
25,000,000 hits.
Jims articles covering Roth IRA conversions have appeared in the peer-reviewed AICPA journal as well as other top journals. Book Jim for your show today or schedule an interview. Media trained, Jim is engaging, informative and knowledgeable, and he will provide your viewers, readers, or listeners with valuable and timely advice. For further information please call Cynthia Nelson at 1-800-387-1129..
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
TAX-FREE COMPOUNDINGContributions inside a Roth IRA can grow and compound each year in your investment portfolio on a tax-free basis. This cannot be said for investments within a 401k plan or traditional IRA, which only experience tax-deferred growth compounding. At some point in time the investments held within 401k and IRA plans will have to pay the tax man.TAX-FREE EARNINGSAccumulated wealth inside a Roth IRA is 100% tax-free and will not be taxed at the time of withdrawal. The power of this benefit is truly realized when there are significant capital gains within the portfolio, or in investments with longer time horizons (which allows greater time for compounding growth and magnification of your portfolio size).TRUE CAPITAL GAINSThe Roth IRA is the only investment plan that truly lets you capture 100% of capital gains on a tax-free basis. If these same capital gains where made inside a 401k or traditional IRA plan, at the time of withdrawal they are CONVERTED to ordinary income at...
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
Ira > Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
'How To' for Checkbook Control Self Directed IRA
Las Vegas, NV (ContentDesk) August 8, 2006 -- American Equity Corporation (http://www.americanequity.org) announced that its subsidiary SelfDirectedIRA.org has implemented a new free consumer website and it is now live online. SelfDirectedIRA.org provides consumers with a source for news, instruction, strategies and tips for implementing a
truly self directed IRA with checkbook control.Due to fact that we are a society concerned with providing adequately for retirement,
there has developed a need for a single source for the consumer to obtain the information necessary to fund their retirement programs in the most effective manner. While there are many sources that provide limited information to the consumer there is no single unbiased source.SelfDirectedIRA.org will fulfill the need for a single source. It will enable consumers to find everything they need related to self directed ira issues at a single site. SelfDirectedIRA.org provides free information for establishing...
Ira > 'How To' for Checkbook Control Self Directed IRA
Deadline Near For Taxpayers with an Extension to File
(ContentDesk) August 12, 2004 -- For the almost 8.5 million taxpayers who opted in April to get an automatic extension of time to file their 2003 federal income tax return, the deadline to file those tax returns is August 16, 2004.Those who cannot meet the August 16th deadline can apply for an additional two-month extension, which would give them until October 15th.
However, there's no guarantee that the IRS will grant them an additional extension. If an application for an additional extension is not approved, an individual must file his or her tax return by August 16, or face paying a late filing penalty of 5 percent per month on the unpaid tax.Individuals who own a business have until their tax filing deadline to save on 2003 taxes by contributing to a SEP-IRA retirement plan, says Daniel Lamaute, retirement specialist at Lamaute Capital InvestSafe.com.
The SEP IRA contribution limit for 2003 is $40,000 or 25% of compensation, whichever is less.
A free application...
Ira > Deadline Near For Taxpayers with an Extension to File
Q & A: Stretching an IRA
(ContentDesk) June 7, 2004--Many of you are interested in using your IRAs to generate tremendous wealth for you and your children. My recent articles on the topic have generated tens of thousands of hits on the internet in just a couple weeks. In this article, I will share responses to questions from readers that explain the details of ?stretching' your IRA.(A list of previous articles on ?stretching' your IRA can be found at the end of this article or you can go to www.guardingyourwealth.com now and find them in the article archives.)Remember, your beneficiary is not required to take all the money out of your IRA right away. If they did, they could lose almost half of it in taxes. Instead, the can ?stretch' it by taking distributions over their lifetime, allowing the remaining money to continue to grow tax deferred.
Your beneficiaries can even name beneficiaries so the tax-deferral can be continued should...
Q & A: Stretching an IRA
Ira > Q & A: Stretching an IRA
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
TAX-FREE COMPOUNDINGContributions inside a Roth IRA can grow and compound each year in your investment portfolio on a tax-free basis. This cannot be said for investments within a 401k plan or traditional IRA, which only experience tax-deferred growth compounding. At some point in time the investments held within 401k and IRA plans will have to pay the tax man.TAX-FREE EARNINGSAccumulated wealth inside a Roth IRA is 100% tax-free and will not be taxed at the time of withdrawal. The power of this benefit is truly realized when there are significant capital gains within the portfolio, or in investments with longer time horizons (which allows greater time for compounding growth and magnification of your portfolio size).TRUE CAPITAL GAINSThe Roth IRA is the only investment plan that truly lets you capture 100% of capital gains on a tax-free basis. If these same capital gains where made inside a 401k or traditional IRA plan, at the time of withdrawal they are CONVERTED to ordinary income at...
Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
Ira > Roth IRA secrets - 7 reasons why a Roth IRA trumps a Traditional IRA
Never Lose Your Purse (or Jeans) Again; Giving Common Clothing and Accessories the Uncommon Touch
(ContentDesk) August 3, 2005 -- Have you ever gone to a party, put down your purse for a second, only to realize it's missing at the end of the night? I could ask the same about your blue jeans but you might not answer. There's a new solution that's a little more fun and stylish than your mother sewing your initials in your underwear. WaddEvah's Jazzy Jewelry is the answer: flashy personalized jewelry that clips onto your purse or clothing.After the immediate panic of losing your trendy, cutting...
Ira New Tax Bill Creates the Greatest Tax Break of Your Life Never Lose Your Purse (or Jeans) Again; Giving Common Clothing and Accessories the Uncommon Touch
Ira > Never Lose Your Purse (or Jeans) Again; Giving Common Clothing and Accessories the Uncommon Touch
A Special Culinary & Cooking Tour of Spain Based a Small Fishing Village on the Atlantic Coast of the Rias Baixas-Galicia, Spain - Learn About the Gastronomy of Galicia...
On this special culinary and cooking tour of Spain you will be based in Aldan (Cangas), a small fishing village on the Atlantic coast of Galicia, Spain in the area called the Rias Baixas (Low Estuaries or Bays). You will get the chance to learn in-depth about the gastronomy of Galicia by cooking side-by-side with a Galician woman who owns/runs the small Charming Country Manor you will be staying at for the trip. Over the year Aurea has been handed down many traditional coastal cooking secrets...
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Ira > A Special Culinary & Cooking Tour of Spain Based a Small Fishing Village on the Atlantic Coast of the Rias Baixas-Galicia, Spain - Learn About the Gastronomy of Galicia...
Credit cards are like loans
Credit cards! If you're like most people, you probably love them some times and hate them other times. They can be a great way to manage your finances and they can be a terrible bill to get every month.
But credit cards aren't all bad. If we could live our lives without them, we would. But we can't. The world is simply not built that way anymore.
More and more often, companies require credit cards as the best way to receive payment or security, rather than cash or checks...
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Ira > Credit cards are like loans
Spyware Defense? Introduces Next Generation Spyware Protection
(ContentDesk) August 12, 2005 -- Ashantiplc Ltd., provider of software development and proprietary technology to individuals and businesses worldwide, today announced the launch of its Spyware Defense application. Spyware Defense is an efficient software program driving even more robust functionality than other similar applications on the market today. Its biggest advantage is in its real-time elimination of spyware upon detection, user control over what programs are eliminated and what are kept,...
Ira New Tax Bill Creates the Greatest Tax Break of Your Life spyware Spyware Defense? Introduces Next Generation Spyware Protection
Ira > Spyware Defense? Introduces Next Generation Spyware Protection
Alpaca Industry Makes Headlines in North America
(ContentDesk) October 5, 2005 -- Since its introduction to the United States over twenty years ago, the alpaca industry has grown in popularity with farmers and retailers all over North America. Although alpacas originated in South America and are still found predominantly in that region, more and more alpaca farms are being developed around the world for two major reasons.1. Alpacas are great animals with amiable personalities.2. Alpaca fleece is used to produce natural, comfortable apparel.In...
Ira New Tax Bill Creates the Greatest Tax Break of Your Life Alpaca Industry Makes Headlines in North America socks
Ira > Alpaca Industry Makes Headlines in North America