Comments on: IRA Basics: Part 2 http://masteryourcard.com/blog/2009/04/09/ira-basics-part-2/ The best Credit Card Debt Blog online Wed, 02 May 2012 03:22:04 +0000 hourly 1 http://wordpress.org/?v= By: BM http://masteryourcard.com/blog/2009/04/09/ira-basics-part-2/comment-page-1/#comment-36764 BM Mon, 13 Apr 2009 15:26:19 +0000 http://masteryourcard.com/blog/?p=1103#comment-36764 Here is something interesting I found about Traditional IRA's...If you already have a 401(k) with your employer and depending on your income level and filing status, your contributions to Traditional IRA is only partially deductible on your tax returns . You only get a full deduction only if your adjusted gross income is less than a certain amount. If you make too much money that none of your contributions to Traditional IRA is tax deductible. Check out Page 15 of this document for more details http://www.irs.gov/pub/irs-pdf/p590.pdf Here is something interesting I found about Traditional IRA’s…If you already have a 401(k) with your employer and depending on your income level and filing status, your contributions to Traditional IRA is only partially deductible on your tax returns . You only get a full deduction only if your adjusted gross income is less than a certain amount. If you make too much money that none of your contributions to Traditional IRA is tax deductible.

Check out Page 15 of this document for more details
http://www.irs.gov/pub/irs-pdf/p590.pdf

]]> By: J. Money http://masteryourcard.com/blog/2009/04/09/ira-basics-part-2/comment-page-1/#comment-36266 J. Money Fri, 10 Apr 2009 17:51:22 +0000 http://masteryourcard.com/blog/?p=1103#comment-36266 mmm mmmm i LOVE my Roth IRA :) just changed it over to a "brokerage" one now too so I can invest in more than just mutual funds. fun times are about to be had! mmm mmmm i LOVE my Roth IRA :) just changed it over to a “brokerage” one now too so I can invest in more than just mutual funds. fun times are about to be had!

]]> By: visa black card http://masteryourcard.com/blog/2009/04/09/ira-basics-part-2/comment-page-1/#comment-36092 visa black card Thu, 09 Apr 2009 17:05:06 +0000 http://masteryourcard.com/blog/?p=1103#comment-36092 I'm embarking on that age now and I'm glad I stumbled upon your blog. I'm calling my financial planner. Thanks for the heads up! I’m embarking on that age now and I’m glad I stumbled upon your blog. I’m calling my financial planner. Thanks for the heads up!

]]> By: the weakonomist http://masteryourcard.com/blog/2009/04/09/ira-basics-part-2/comment-page-1/#comment-36074 the weakonomist Thu, 09 Apr 2009 15:00:41 +0000 http://masteryourcard.com/blog/?p=1103#comment-36074 Fantastic coverage of the IRA. I pride myself on knowing quite a bit about finances but know very little about traditional IRAs since I don't have one. I learned a lot. Fantastic coverage of the IRA. I pride myself on knowing quite a bit about finances but know very little about traditional IRAs since I don’t have one. I learned a lot.

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