The Roth IRA Made Simple

Experienced tax professional discusses basics and benefits of hottest new retirement account option, the Roth IRA. Also points out useful strategies for Roth IRAs and lists factors to be considered (27 items in Conversion Checklist) before deciding to convert to a Roth IRA. Learn how to withdraw funds both tax-free and penalty-free for first time home buying. Also learn the rules for withdrawing money for other purposes without incurring penalties for early distributions. There are many easy-to-follow examples, tables, and charts to help one understand qualifications for traditional and Roth IRAs. Many comparisons of the traditional and Roth IRAs are shown to demonstrate why early action may mean a financial boost for individuals. Small business owners with children may benefit by using certain strategies to maximize tax savings while funding retirement plans for their children.