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Category Archives: IRA Education

Traditional or Roth?

In a previous post, we discussed the process of converting a Traditional IRA to a Roth IRA. Sometimes it helps to simplify things a bit, so in this post, we briefly outline four notable characteristics of these two IRA types in the infograph below. Tax incentives may be most important to the majority of retirement investors when determining […]

Why a SEP IRA May Be Right for You

The Simplified Employee Pension (or SEP IRA) is an attractive retirement savings tool for entrepreneurs and small business owners. Any business owner with at least one employee can open a SEP IRA. This also includes any self-employed individual (and thereby anyone with freelance income, sole proprietorships and partnerships). Corporations, including S corporations, can also set […]

When You Can and Must Take Money Out of Your IRA

You are certainly able to take money out of your IRA at any time, but oftentimes not without penalty. Let’s review one of the better-known rules about IRA distributions. If you take withdrawals before age 59 ½, you will have a 10% IRS penalty to cover. This charge could be in addition to any tax […]

Five Dates IRA Holders Must Circle on Their Calendars

It’s tax season, and if you’re an IRA holder, it’s also time to begin thinking about deadlines for RMDs and previous year contributions. Kingdom Trust has compiled a list of five dates (two fast approaching!) to help you ensure you won’t be taxed or miss out on any of the applicable changes that need to […]

Rollovers, Transfers and the New IRS Rollover Rule

by Tara Bogard, Business Development Officer According to the IRS, beginning January 1, 2015, an individual may make only one rollover from an IRA to another IRA in any 12-month period, regardless of the number of IRAs he or she owns. Please note that the funds can be deposited back into the original IRA as well. […]

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