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 However, contributions and earnings can be withdrawn free of tax and investors are not required to take minimum distributions after age 70 ½ as they would be under a Traditional IRA.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

---

Margin Benefits are Marginal at Best

Margin is one of those things that novices find puzzling... Read More

Creating Momentum with Options - Pro and Cons of At-the-money, In-the-money, and Out-of-the-money

To create momentum in your options trading you need to... Read More

Porters Five Forces Analysis

If you've ever listened to Warren Buffett talk about investing,... Read More

Is Offshore Banking for You?

You've probably heard about people who keep their money offshore.... Read More

Angels, Are They Real?

They're real, but few survive. High risk investing is dangerous... Read More

The Basics of Tax-Free UK Financial Spread Betting

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

How To Create Wealth In The Stock Market

First and foremost, an opportunistic strategy for creating wealth in... Read More

It Is Never Too Early To Start A Roth IRA!

The Roth is kind of weird until you get used... Read More

To Retire Rich, Save and Invest Early

If you want to retire rich, start saving investing early.... Read More

Making Your Investment Dollars Work for You

Investments are scary for some people, especially those who have... Read More

Pros & Cons of Investing in Bonds

What are Bonds?A bond is a debt security, by which... Read More

Dumb Money

Many people have, at one time or another, taken some... Read More

Annuity Investment Guide

While there is not a lack of information on annuities,... Read More

Discipline in Trading and Investing

The one thing I can think of that most affects... Read More

Raising Capital in Today?s ?New Economy?

We've helped a number of clients develop business plans and... Read More

The Power of Small Numbers: Trading Success is Based on Consistency, Not Home Runs

Online trading is so seductive - just sit, click, and... Read More

Seecrets on Investment: Tired of Making Huge Losses in the Stock Market ? Part 1

Over 80% of all individual investors lose money in any... Read More

Advice for International Investors on How to Safeguard Their Profits

What are the risks?Today, investors are increasingly turning to global... Read More

Love The Thrill of Risk? Invest in an Annuity!

With the stock market in steep decline, people are looking... Read More

Your Worst Enemy To Successful Investing - The Media

How do you make your investment decisions and where do... Read More

Trend Following

Trend following also called momentum trading is the simplest and... Read More

Shop More, Save More for College Gimmick or Reality?

The man sat in a chair beside a dressing room... Read More

Holy Grail Investments

Every year I go to the Money Show in Orlando,... Read More

Gold and Silver Maple Leafs Get New Packaging

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

An Economical Retirement Investment Plan

The practice of economy, directed toward a retirement investment plan... Read More

The Economy Is Not The Stock Market

Several days ago, the Commerce Department reported that May's factory... Read More

The Arrow-Debreu Contingent Claims Model of Investment

Throughout the discussion of speculation and stability, we emphasized that... Read More

Investing in Car Dealerships: Doing Your Homework

This article attempts to help give the investor a broader... Read More

Use of a Franchise Business as a Family Tax Planning Strategy

Suggesting the use of a franchise business as a vehicle... Read More

Why You Need To Buy and Sell Gold Coins (Part 6)

Pre-1933 Gold Outperforms Today's Gold Bullion...Since 1970, an investment strategy... Read More

The Three Legged Stool

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

Invisible Mutual Fund Fees Erode Your Returns!

Many investors think that investing in mutual funds is free.... Read More

Forex Trading Best Practices

FOREX, the term for the FOReign EXchange market, is an... Read More