Now is the Time to Invest for Your Retirement!

Yes, it's the time we've all been waiting for?tax season! We know you've gotten a jump start and filed early this year, right? Of course not, but rather than dreading this part of the year, we should all look to it as a point for new opportunities. Many readers don't realize that even though the New Year has come, they can invest money as if it were still 2004! That's correct, it's not too late. You can invest funds into your retirement account until April 15th, 2005 and have it count as if the contribution were made in 2004! Investors typically choose to take advantage of this through an Individual Retirement Account.

Individual Retirement Accounts (IRAs) are excellent plans to build retirement savings. Depending on the type of IRA that you choose, contributions can be tax deductible and grow tax deferred or even tax free. There are three types of retirement accounts that are commonly used to accomplish your retirement goals; the Traditional IRA, Roth IRA, and SEP-IRA. To make things even better, the IRS recently announced new maximums for qualified plans for contributions counting in 2005 as an added incentive to invest for your retirement.

The Traditional IRA- In 2004, the annual contribution limit was set at $3,000. However, this was raised to $4,000 for contributions that are counted in 2005. Contributions are fully tax deductible if you do not participate in an employer retirement plan. Single tax-payers who participate in an employer retirement plan must earn a gross income of no more than $50,000 to earn a full deduction. Investments grow tax deferred with earnings taxed only at withdrawal.

The Roth IRA- Annual contribution maximums are the same for both Traditional and Roth IRAs. Contributions to the Roth IRA are not tax deductible. However, contributions and earnings can be withdrawn free of tax and investors are not required to take minimum distributions after age 70 ½ as they would be under a Traditional IRA. Single investors must earn no more than $95,000 annually to be eligible for a full contribution.

The SEP-IRA- This plan is available to self employed individuals who normally do not fall into the low income category. These self employed individuals can contribute 20% of net income or $42,000, whichever is less. Similar to the Traditional IRA, contributions are tax deferred. However, the SEP-IRA allows participants to invest larger quantities toward retirement.

There is no better time than the present to begin planning for a financial stable retirement. To learn more about these opportunities or to begin investing for your retirement, contact scott@valueview.net and be sure to visit http://www.valueview.net

Scott Pearson is an investment advisor, writer, editor, instructor, and business leader. As President and Chief Investment Officer of Value View Financial Corp., he offers investment management services to a wide variety of clients. His own newsletter, Investor's Value View, is distributed worldwide and provides general money tips and investment advice to readers both internationally, and in the U.S.

http://www.valueview.net

---

Before You Start Investing

There maybe several reasons why you to want to invest... Read More

Investing Psychology Today Requires All Traders to Awaken Their Speculator Minds

Stock trading strategies are as rampant today, as they were... Read More

Discipline in Investing and Trading

Discipline can be simply defined as your ability to follow... Read More

The Switzerland of Asia Shines

In many respects, Singapore is the Switzerland of Asia.Begun in... Read More

Economic Survival in the 21st Century - the Three Key Questions to Ask

In this "special report", I want to pose a few... Read More

What Is A Fair Market Value, Really? If Youre Going To Trade, Be Sure Its Worth It!

I've been involved in online trading, specifically with stock and... Read More

Annuity Help

Many people today are looking for annuity help. The biggest... Read More

Short Term Savings Products

When you invest, it simply means that you are putting... Read More

The Basics of Tax-Free UK Financial Spread Betting

Financial Spread Betting (or Trading) offers a tax free method... Read More

Lessons in Transition

Q: What have been the most successful approaches to attracting... Read More

Investigate Before You Invest

"Through wisdom is a house built. And by understanding it... Read More

Retirement is Never Urgent Until

If you're like many people, your retirement savings have not... Read More

Gold and Silver Maple Leafs Get New Packaging

Gold Maple Leafs and Silver Maple Leafs are receiving packaging... Read More

The Truth About Real Estate Investing - Is It Right For You?

You have probably been hearing, seeing and reading that real... Read More

Quit and Retire Three Years Earlier!

For most people, there is a direct correlation between how... Read More

A Gadfly On A Dinosaurs Butt, Or The Hood-winking Of The American Investor

Have you ever noticed how some words in the English... Read More

Critical Investors Business Daily Responsibilities - If not Followed Could Cost You Millions!

When thinking about the investors business daily responsibilities in today’s... Read More

Investing and Understanding What You Buy

"There is nothing more frightful than ignorance in action!" Johann... Read More

Five Sure Fire Way to Secure Your Financial Future

"You can be poor when you're young, but you can't... Read More

Forex market offers opportunity and information

The forex market is what is called an international exchange... Read More

July 2005: Hurricane Forecasts for Weather Traders

Tropical Storm Arlene formed as a tropical depression on June... Read More

It Must Be Joe Cockers Market

Agonizing displays of poor theatrics failed to entertain my mind... Read More

Mutual Fund Returns May Not Be As They Seem!

Arthur Levitt, during his tenure at the SEC, experienced many... Read More

Beginning Investor - Investment Terms

Over the course of the past two months, readers have... Read More

Fundamentals of Option Pricing

When one begins to consider an option, it is very... Read More

Trading Tips No 3: Online Trading and Investing: Buy, Hold, and Hope

So you have learned how to trade the markets by... Read More

The Perfect Mutual Fund

The Perfect Mutual Fund is the one you build yourself!The... Read More

Chile Leads the Latin Pack

Everyone's talking about China. Don't miss the opportunities in the... Read More

Investing: Do You Want To Make Money, Or Would You Rather Fool Around?

It always amazes me how much stock market investors resemble... Read More

Preparing to Invest: How to get started

Investments can be a source of great potential earnings. The... Read More

The Three Legged Stool

My paternal grandparents were born near Lake Como, Italy. My... Read More

The Real Cost of a Bad Habit

What is the value of a good habit? Think of... Read More

Introduction To FOREX

The Foreign Exchange Market, better known as FOREX, is a... Read More