Individual Retirement Account Archives

Five Ways to Avoid Destroying Your Retirement

As an old Chinese proverb goes, “the journey of a thousand miles starts by a single step” What does this Chinese proverb mean? That today is the best day to start saving for your retirement if you have not started doing so already. Unfortunately, saving for retirement has always been a very sore subject for most people all over the world, but it is a true fact that married couples need to treat it with the seriousness and magnitude that it deserves.

Of you are planning to retire by the time you reach the age of 65, it means that … Read the rest

Taking Advantage Of Tax Credits

There are various tax credits that are worth knowing about, and if you claim one and are eligible, you can receive a refund even after you have your tax liability lowered to zero.

When preparing your 2011 Federal income tax return, consider the following four tax credits:

If you earn less than $49,078, you can take advantage of the earned income tax credit, and the amount can be up to $5,751 depending on your age, income and number of qualifying children. Many workers are seeing this for the first time, becuase of a drop in wages or earnings. IRS

… Read the rest