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Roth IRA Information

Put that extra cash into your Roth IRA (Baltimore Sun)
I am 61 years old and have about $500 a month to use either in funding my Roth IRA or paying down my mortgage. Currently, my mortgage is for 15 years at 5.81 percent. I plan on retiring in June 2009. Which should I do?

Protecting Your Assets: Some Strategies (New York Times)
The economic downturn offers significant opportunities for the very wealthy to reduce their taxes.

For the wealthy, 2010 is magic year for Roth IRAs (Norwalk Advocate)
It is not at all uncommon to run into people who have large tax-deferred accounts. Multimillion-dollar IRAs are usually the result of rollovers from 401(k)s or other company retirement plans.

New Research from EBRI: IRA Assets Grew 12.5 Percent in 2007, Study Reports (PR Newswire via Yahoo! News)
Total assets in individual retirement accounts (IRAs) grew 12.5 percent in 2007, reaching a record $4.75 trillion, the fifth consecutive year of double-digit IRA growth, according to a study released today by the nonpartisan Employee Benefit Research Institute (EBRI).

Loose Change: Invest in your 401(k) or Roth IRA? (Fort Worth Star-Telegram)
Here?s an interesting question about investing in your 401(k): Your employer matches 50 cents for every dollar you invest, up to a certain percentage. You want to invest more than what gets the maximum company match. Should you invest it in your 401(k), or in a Roth IRA, where you'd have your choice of investments?

"Ugly Betty," "Scrubs" and "Dexter" Stars Ready to Battle in LAB's "Celebrity Charades" (Playbill)
LAByrinth Theater Company will present its annual "Celebrity Charades: We Will Rock You" benefit, featuring a host of stage and screen stars, Oct. 20.

Roth IRAs (Mondaq)
A new rule provides that Roth IRAs (as defined in section 408A of the U.S. Internal Revenue Code) and similar plans are considered to be pensions.

Reducing and redirecting retirement contributions? (Elk Grove Citizen)
Q: My financial advisor has recommended that I reduce my contributions to my retirement account and put the money into a life insurance policy instead.

SURVEY SAYS: Americans lack financial knowledge (Courier-Post)
A national survey by the Center for Economic and Entrepreneurial Literacy shows that an overwhelming number of Americans are unable to answer even the most basic questions about borrowing and interest rates.

Women need to overcome doubts about ability to handle money matters (The Standard-Times)
WASHINGTON ? In the 1970s, there was an Enjoli perfume commercial showing a woman, clutching a fist full of money, who proclaimed she could bring home the bacon and fry it up in a pan.