Why the Roth IRA is a 'tax break' to avoid

Article Abstract:

The Roth individual retirement account has been the most publicized tax benefit to date. A closer scrutiny of this tax-saving scheme, however, will show that the concept of Roth IRAs are misunderstood and the scheme is arguably overrated. A significant cost is involved in terms of confusion, complexities and inconvenience to generate whatever savings are possible. Tax advantages are ambiguous and frequently non-existent especially when compared with the retention of, and contributions to, a deductible IRA. Further, complicated new guidelines, forms and recordkeeping requirements can be overwhelming in view of the low maximum contribution allowed in Roth IRAs. Thus, taxpayers and their advisors would do well to be aware of the disadvantages inherent in all aspects of Roth IRAs.

Personal Financial Mgmt, Methods, Management, Taxation, Personal finance, Retirement planning, Tax shelters

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Optimize early - and penalty-free - IRA distributions

Article Abstract:

The authors discuss IRC section 72(t) IRA distribution plans, which may allow substantially more fund withdrawal without tax penalty than other plans.

Laws, regulations and rules, Distribution, Tax penalties

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Tax rate predictions affect Roth vs. traditional IRA choice

Article Abstract:

The authors discuss the effects of future tax rates on traditional and Roth IRAs.

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