Retirement Savings Plans (Hardcover)

Paul J. Graney

(sign in to rate)

List price ~~R3,348~~ Loot Price R2,187 Discovery Miles 21 870 | Repayment Terms: R205 pm x 12* You Save R1,161 (35%)

Expected to ship within 12 - 19 working days

Description
Details
Customer Reviews

Individual retirement accounts (IRAs), established by the Employee Retirement Income Security Act of 1974 (PL 93-406) to promote retirement saving, were limited at first to workers (and spouses) who lacked employer pension coverage. Income tax was deferred on both contribution and investment earnings. Annual contributions were limited to the smaller of $1,500 or 15% of earnings. Eligibility was expanded to all workers and their spouses by the Economic Recovery Tax Act of 1981 (PL 97-34). Annual contributions were limited to the smaller of $2,000 or 100% earnings. The Tax Reform Act Reform Act of 1986 (PL 99-514) continued tax deferral for IRA earnings, but it limited tax deferrals for contributions to those from: (1) tax filers with no employer plan (for either spouse); and (2) filers with employer pension coverage but whose adjusted gross income (AGI) is below specified limits. The Taxpayer Relief Act of 1997 (PL 105-34) increased these AGI limits, allowed penalty-free early withdrawals for higher education expenses and first-home purchases, and authorised a new 'Roth IRA' to provide tax-free income from after-tax contributions and untaxed investment earnings. This book reviews the key details concerning these legal arrangements for retirement.

General

Imprint:	Nova Biomedical Books
Country of origin:	United States
Release date:	June 2004
Authors:	Paul J. Graney
Dimensions:	180 x 260 x 15mm (L x W x T)
Format:	Hardcover
Pages:	164
ISBN-13:	978-1-59033-907-7
Categories:	Books > Health, Home & Family > Self-help & practical interests > Personal finance Books > Business & Economics > Finance & accounting > Finance > Pensions Books > Money & Finance > Pensions Promotions
LSN:	1-59033-907-X
Barcode:	9781590339077