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AL asked: Over the years I have contributed to traditional non-deductible IRAs as well as ROTH-IRAs. When reporting the IRA basis, do I include contributions for both or only the traditional IRA? Gambling Secrets Revealed! Win Money

ctk asked: Moving money from brokerage accounts that include iras where we were paying a financial advisor, etc. to a credit union money market for a year or so while waiting to see what happens with the economy. Can our roth iras be moved to credit union roths without any problem? Baltimore, MD

Linda J Bruton asked: When you’re planning your retirement, you should look into a Roth IRA as they have some very unique advantages over a standard IRA. The definition of an IRA is an individual retirement account. These accounts have been around a long time and are very useful for building up a retirement nest [...]

Jerry Verseput asked: The year 2010 has seemed like a long way off for a long time, but it is now (almost) here, which means that some great financial strategies that have been just theory up until now can finally be implemented. One of the big changes for 2010 is that the earnings limit for [...]

With a new year comes a new limit for contributions, however 2010 will have the same contribution limits as 2009. For 2010, the contribution limit for Roth IRAs will be $5,000 for Age 49 and Below; $6,000 for Age 50 and Above (to reflect the “catch-up” amount). If you are getting a jump on 2010 [...]

There are two main types of IRA accounts: Roth IRAs and Traditional IRAs. IRA stands for Individual Retirement Account, in case you were wondering. In order to understand your rules and penalties regarding IRA distribution, you have to know which type of account you have, as well as which rules it follows for distributing funds. [...]