A complete overview of Individual Retirement Account (IRA) Rules for the traditional IRA including information on eligibility, contribution limits and withdrawal rules.
The Traditional IRA Contribution limits for 2010 - 2011
Comprehensive overview of Roth IRA Rules, Roth IRA Contribution Limits and Withdrawal Rules. Includes comparison on Traditional IRA and Roth IRA Rules
Simple IRA Rules and Regulations including who qualifies, the contribution limits as well as the withdrawal limitations.
Rules and regulations for the Simplified Employer Pension (SEP) including contribution limits as well as the advantages and differences from other retirement plans.
The 2012 Roth IRA Contribution Limits have been increased slightly from 2010 and 2011 levels. The Modified AGI Levels have also been increased by several thousand dollars.
There is normally a 10% penalty for withdrawing money before age 59 1/2 from an IRA plan unless you meet one of these withdrawal penalty exceptions.
The primary downside of a qualified retirement plan is that there is almost always a early withdrawal penalty but there are a few exceptions.
If you or someone you know is the beneficiary of an IRA there are a few different ways to handle distributions. It depends on whether you are a spouse or not but either way you have options.