Released on = January 5, 2006, 8:39 am

Press Release Author = Traditional Ira Rules

Industry = Accounting

Press Release Summary = New website is launched to help people found all the
information about traditional IRA and investment plans.

Press Release Body =
FOR IMMEDIATE RELEASE
09/01/2006


Internet Brings Traditional IRA Information Closer To People

New website is launched to help people found all the information about traditional
IRA and investment plans.

OHIO, "Traditional IRA Rules" ( http://www.traditionalirarules.com ) a website to
help people find all the information they need about IRA and investment has been
launched to cyberspace. "We\'re beginning this portal for all the people that are
often misguided and uninformed about IRA" said Steven Van Doorn, owner of the site
and a specialist in IRA for over 10 years. One of the key points that Van Doorn
consider in the new site is Traditional Roth IRA information:
"With traditional IRA , amounts contributed to the IRA may be tax deductible at the
time of contribution. Distributions from the IRA will be taxed at distribution
except to the extent that the distribution represents a return of your own
contributions for which you did not claim (or were not eligible to claim) a
deduction. Beginning in 2002 additional \"catch-up\" contributions may be made if you
are age 50 or older. Traditional IRAs can also be used in connection with SEP Plans
established by your employer (or by you if you are self-employed). Similar to the
Traditional IRA, amounts contributed are tax deductible at the time of contribution,
and distributions will be taxed at the time of the distribution. Beginning in 2002
additional \"catch-up\" contributions may be made if you are age 50 or older. Special
rules apply to SEP IRAs. SIMPLE (Savings and Incentive Match Plan for Employees)
PLANS "
Traditional IRAs can also be used in connection with Simple Plans by your employer
(or by you if you are self-employed). Under these Simple Plans you can have your
employer make salary reduction contributions to your Simple IRA plus employer
matching contributions or non-elective contributions. Contributions are tax
deductible at the time of contribution and distributions are taxed at the time of
receipt. Beginning in 2002 additional \"catch-up\" contributions may be made if you
are age 50 or older. Special rules apply to Simple IRAs. Traditional IRA information
changed starting with the Economic Growth and Tax Relief Reconciliation Act of 2001
(EGTRRA), many of the restrictions of what type of funds could be rolled into an IRA
and what type of plans IRA funds could be rolled into were significantly relaxed.
Further acts made some additional relaxations of restrictions. Basically most
retirement plans can be rolled into IRAs after meeting certain criteria, and most
retirement plans can accept funds from an IRA.
Traditional IRA information also tells us they can be funded with most types of
securities, and some non security financial instruments. There are a few things that
cannot be funded . They include collectibles including valuable coins or bullion and
life insurance. IRAs cannot generally hold real estate unless it is held as a form
of security such as a real estate investment trust, or REIT.


For More Information Contact:

Steven Van Doorn
stv_v_dorn@hotmail.com
http://traditionalirarules.com/sitemap.html



Web Site = http://traditionalirarules.com/sitemap.html

Contact Details = Steven Van Doorn