BCG_SOCIAL-IMAGES_RETIREMENT-PLAN_AH_V01

  Roth IRA Traditional IRA 10% penalty for withdrawals prior to age 59½ Yes** Yes** Tax-deductible contributions No Yes*** Tax-deferred accumulation Yes Yes Tax-free distribution Yes No Mandatory minimum withdrawals requiredto start at age 70½ No Yes   *Withdrawals after age 59½ may be taxable if the Roth IRA has not existed for at least five years. Penalty-free withdrawals can be taken due to death or disability, and for qualified first-time home purchases. **Early withdrawals

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BCG_SOCIAL-IMAGES_RETIREMENT-PLAN_AH_V02

If you are in your twenties, you may think it’s too early to start planning for your retirement. Be assured, it’s never too early. Following are a few tips to consider in planning to feather your nest and nurture your nest egg. 1) Calculate your monthly expenditures and your income. This should include medical costs, transportation costs, and installment payments, as well as household bills and credit card bills. 2) Consider allocating a portion of

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BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V02

You’re certainly not alone if the words Individual Retirement Account (IRA) cause your mind to spin in confusion. The original IRAs were mind-boggling enough. However, now you have several options, including what many have called the “American Dream” IRA—the Roth IRA. Let’s take a moment and ferret out some of the nuances on the IRA landscape. Nondeductible IRA. This is the “plain vanilla” IRA. You simply write a check for up to $5,500 per year

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