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New
Rules on Roth IRAs. In 2010, income restrictions
on conversions will vanish.
Women Face Gender-Biased Retirement Gap
Women face unique retirement challenges for a host of reasons, including gender bias in the labor market, pension coverage, inequity in pay, coupled with limited financial education and a longer life expectancy. Surely improvement in public policy, which fosters economic justice for women is needed. But women can't afford to wait. They must arm themselves with financial knowledge and take control of their retirement security.
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Women face issues that can make it difficult to
attain financial security in retirement. But educating themselves and taking control of their financial lives can lead
to a worry-free retirement.
Regular or Roth IRA? While the Roth IRA provides
no tax deductions for contributions, it's the better choice for most people. Here's why:
Roth Eligibility $101,000 (single tax filer) and $159,000 (married filing joint) - as your income increases above
these levels, the amount you can contribute is reduced. Contribution Limits For 2010 the the maximum contribution is
$5,000 ($6,000 age 50 or older).
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Don't
wait! Open your Roth IRA today. Waiting could cost you a secure retirement. In fact, it may prevent you
from ever retiring. According to a recent study, 50% of Americans have less than $25,000 in retirement
savings. And 75% of all persons age 65 or older living below the poverty line are women. People who are depending
on Social Security for their retirement, will be in for a major shock. Since Social Security, at best, will
only cover about one-third of what you need to enjoy a comfortable retirement, and for women the picture
is bleaker. _____________________________ Save Early, Save Often
You Can Retire Rich on Pennies Just 300 pennies
a day will give you roughly $340,000. This figure assumes your money will grow at 10% annually for 35 years.
Place your ad here.
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