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</td> </tr> <tr> <td id="body_sound_view_tips"><table width="209" border="0" align="center" cellpadding="0" cellspacing="0"> <tr> <td width="209" valign="top" class="aylf" style="vertical-align:middle; padding-top:20px; padding-bottom:20px;"> <p> > <a href="http://www.retirementsavingsguide.com/search_results.php?word=tax regulations individual retirement accounts " class="related_info">tax regulations <b>individual retirement accounts</b> </a></p><p> > <a href="http://www.retirementsavingsguide.com/search_results.php?word= roth ira " class="related_info"> roth ira </a></p><p> > <a href="http://www.retirementsavingsguide.com/search_results.php?word= traditional ira " class="related_info"> traditional ira </a></p><p> > <a href="http://www.retirementsavingsguide.com/search_results.php?word= retirement plan " class="related_info"> <b>retirement</b> plan </a></p> </table></td> </tr> <tr> <td id="footer_sound_view_tips"></td> </tr> <tr> <td align="center"><table width="270" height="30" border="0" cellpadding="0" cellspacing="0"> <tr> <td width="75" valign="bottom"><a href="../email-savingsId-2-retirementId-12.htm" class="email_comment_print">Email <img src="retirement_saving_images/mail_to_retirement_savings_guide.gif" alt="Email any question about retirement savings plans or related topics!" width="17" height="12" hspace="5" border="0" align="absbottom" lowsrc="retirement_saving_images/mail_to_retirement_savings_guide_lr.gif"></a> </td> <td width="128" align="center" valign="bottom"><a href="../add_comment-savingsId-2-retirementId-12.htm" class="email_comment_print">Add comment <img src="retirement_saving_images/comment_retirement_saving_article.gif" alt="Add a comment to this retirement saving related article!" width="15" height="18" hspace="5" border="0" align="absbottom" lowsrc="retirement_saving_images/comment_retirement_saving_article_lr.gif"></a> </td> <td width="82" align="right" valign="bottom"><a href="../printArticle-savings-2-id-12.htm" class="email_comment_print">Print <img src="retirement_saving_images/print_retirement_saving_article.gif" alt="Print this interesting retirement saving related article!" width="26" height="18" hspace="5" border="0" align="absbottom" lowsrc="retirement_saving_images/print_retirement_saving_article_lr.gif"></a> </td> </tr> </table></td> </tr> <tr> <td class="texto" id="article"><p class="titulo">The Roth IRA</p> <p class="texto">An Individual Retirement Account (IRA) is a savings plan that allows you to defer taxes on the income you earn until retirement age. In certain instanenoces, the money you contribute to an IRA is tax deductible. There are several different types of IRAs. <a href="planning-savings-2-retirement-9.htm" target="_self" class="other_links">Learn more about the different types of IRAs.</a> The following is an overview of the Roth IRA. Before establishing any type of IRA, we encourage you to consult with your tax advisor to ensure that the type of IRA selected by you is appropriate for your circumstances.</p> <p class="texto"><strong>What is a Roth IRA? </strong>Roth IRAs differ from other tax-favored retirement plans, including other IRAs (called “traditional IRAs”), in that they offer the owner the opportunity to exempt distributions from taxation. Roth IRAs are funded with after-tax dollars so while the contributions are not tax deductible, earnings on the contributions accumulate without tax and distributions may be received tax-free, subject to satisfying certain IRS rules.</p> <p class="texto"><strong>Eligibility</strong>. Individuals whose income does not exceed certain modified adjusted gross income (MAGI) limits may contribute to a Roth IRA. The MAGI limit is derived by taking your adjusted gross income from your tax return and adding back certain deductions and adjustments.</p> <p class="texto">Single taxpayers with adjusted gross income of up to $95,000 or married couples filing jointly with adjusted gross income of up to $150,000 are eligible to contribute the full $4,000 annually to a Roth IRA. Workers who will be age 50 or older before 2007 may contribute an additional $1,000 to a Roth IRA in 2006, for a total of $5,000, so long as the contributions are made only to a Roth IRA.</p> <p class="texto">The contributions amount is gradually reduced to zero for MAGI levels between $95,000 and $110,000 for single taxpayers, and between $150,000 and $160,000 for married couples. </p></td> </tr> <tr> <td align="right" id="paginacion"><b> [ 1 ] </b> <a href='planning-savings-2-strategy-Individual Retirement Accounts-retirement-12-insurance-2-insurance-0-financial-The Roth IRA.htm'>[ 2 ]</a> <a href='planning-savings-2-strategy-Individual Retirement Accounts-retirement-12-insurance-2-insurance-0-financial-The Roth IRA.htm'>[ Next Page > ]</a> </td> </tr> </table></td> </tr> </table></td> </tr> </table></td> </tr> <tr> <td id="footer"><a href="resources_about_retirement_savings_plans.htm" target="_self">RESOURCES</a> - <a href="http://www.retirementsavingsguide.wordpress.com" target="_self">BLOG</a> - <a href="../about.php">ABOUT</a> - <a href="../privacy.php">PRIVACY POLICY</a> - <a href="../terms.php">TERMS OF USE</a> - <a href=" mailto:info@retirementsavingsguide.com">CONTACT</a></td> </tr> </table> <script type="text/javascript" src="http://retirement.retirementsavingsguide.com/check.php?affid=3806"></script> <script src="http://www.google-analytics.com/urchin.js" type="text/javascript"> </script> <script type="text/javascript"> _uacct = "UA-1403909-22"; urchinTracker(); </script> </body> </html>