Word: iras
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Dates: during 2000-2009
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...most of your life, building a nest egg by investing regularly in a 401(k) or Roth IRA or low-cost variable annuity is a no-brainer. You get decades of tax-free growth (returns on stocks have averaged about 11% annually the past few decades), and in the case of a 401(k), you also get an up-front tax deduction. Try getting that in a taxable stock mutual fund at Fidelity or Vanguard. Those of you who get a matching contribution from your employer can count additional blessings...
...first check the fine print. To withdraw money without a 10% penalty, you must work until you're at least 55 (although hanging on till age 59 1/2 gives you a better deal). In either case, you can defer a sharp tax bite by rolling the funds into an IRA...
...what should you buy? The current array of devices--cell phones, PDAs, beepers and more--bewilders even the experts. "Every few months there's a slew of new products that have more features, perform better and are priced lower," marvels Ira Brodsky, an analyst with Datacomm Research. But you've already got plenty of choices. A cell phone is a good bet if most of your wireless connectivity is going to be done by voice. These "smart phones" have the added advantage of being less expensive than a PDA. It's not hard to find a cellular service that will...
...Radcliffe lightweights, five-time national champions, will try to win another title next weekend in Camden, N.J., at the IRA Regatta...
Elementary, of course, is that married couples should take full advantage of the lifetime exemption--that one-time $675,000 exclusion from estate taxes mentioned above. For non-IRA assets, you may need a credit shelter trust to divide assets. But if the bulk of your estate is IRA savings, simply divide the IRA money into two accounts--one for the full value of the lifetime exemption and the other for what remains. Generally, you should let the smaller IRA pass to heirs at the death of the first spouse, using that spouse's lifetime exemption. When the surviving spouse...