Privacy Policy for www.definerothIRA.com


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Introduction

DefineRothIRA.com values the users of our website and your privacy and trust are very important to us. In using this website, you agree that you may not use this website for any illegal purposes, nor will you constitute this as "professional finance advice", these topics are provided to you for informational and research purposes only.
There are several types of information we collect. These include:

Automatically Collected Information

We collect and temporarily store certain technical information about your visit for use in site management and security purposes. This information includes:
The date and time you access DefineRothIRA.com
The URLs of the pages you visit
The Internet domain from which you access DefineRothIRA.com.
The IP address from which you access DefineRothIRA.com
The type of browser used to access our site.
The operating system used to access our site.
If you visited this Web site from another Web site, the URL of the forwarding site.
This information is only used to help us make our site more useful for you. With this data we learn about the number of visitors to our site and the types of technology our visitors use.

We collect all this information using our stats tracker program @ www.addfreestats.com

Except for authorized law enforcement investigations, no attempts are made to identify individual users or their usage habits. Raw data logs are retained temporarily as required for security and site management purposes only.

Accessibility Statement

We continually strive to ensure the pages on this Web site are accessible to individuals with disabilities in accordance with Section 508 of the Rehabilitation Act. If you have any difficulty viewing any page with adaptive technology, please contact the webmaster.

Linking Policy and Disclaimer of Endorsement

DefineRothIRA.com links to many Web sites. We provide links to these sites as a service to our users. The presence of a link is not a DefineRothIRA.com endorsement of the site.

When users follow a link to an outside Web site, they are leaving DefineRothIRA.com and are subject to the privacy and security policies of the owners/sponsors of the outside Web site(s). DefineRothIRA.com is not responsible for the information collection practices of those sites.

We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here. The name of the Cookie that Google uses is Doubleclick DART cookie. More information on this can be found here www.doubleclick.com/privacy/faq.aspx Google uses these cookies to serve ads to users based on their visit to this website and other sites on the Internet. If you would like to opt OUT of this DART cookie, please visit http://www.google.com/privacy_ads.html

DoubleClick DART cookies

We also may use DART cookies for ad serving through Google’s DoubleClick, which places a cookie on your computer when you are browsing the web and visit a site using DoubleClick advertising (including some Google AdSense advertisements). This cookie is used to serve ads specific to you and your interests (”interest based targeting”). The ads served will be targeted based on your previous browsing history (For example, if you have been viewing sites about visiting Las Vegas, you may see Las Vegas hotel advertisements when viewing a non-related site, such as on a site about hockey). DART uses “non personally identifiable information”. It does NOT track personal information about you, such as your name, email address, physical address, telephone number, social security numbers, bank account numbers or credit card numbers. You can opt-out of this ad serving on all sites using this advertising by visiting http://www.doubleclick.com/privacy/dart_adserving.aspx

Latest Roth IRA Articles

An Introduction to the Roth IRA - After-Tax Contributions, Advantages/Disadvantages, Contribution Limits, History

What Is an IRA (Individual Retirement Account?) - Introduction, Contribution Limits, Early Withdrawal Penalties, Advantages/Disadvantages

Making Roth IRA Contributions - Single, Head of Household and Married Filing Joint - Eligibility & Examples

Roth IRA Conversions - Eligibility, Types of Conversions and Adjusted Gross Income Limits

Taking Qualified Roth IRA Distributions - Eligibility & Examples

Differences between Traditional IRA & Roth IRA - 8 Exceptions to the 10% Early Withdrawal Penalty

Roth IRA Contribution Limits

Year	Regular Contributions	Catch Up Contributions
2001	$2000	$0
2002	$3000	$500
2003	$3000	$500
2004	$3000	$500
2005	$4000	$500
2006	$4000	$1000
2007	$4000	$1000
2008	$5000	$1000
2009	$5500	$1000

Modified Adjusted Gross Income Limits

Year	Filing as Single	Filing as Joint
2001	$33,000 - $43,000	$53,000 - $63,000
2002	$34,000 - $44,000	$54,000 - $64,000
2003	$40,000 - $50,000	$60,000 - $70,000
2004	$45,000 - $55,000	$65,000 - $75,000
2005	$50,000 - $60,000	$70,000 - $80,000
2006	$50,000 - $60,000	$75,000 - $85,000
2007	$50,000 - $60,000	$80,000 - $100,000

Roth IRA Facts

In Traditional IRA, the contributions you make towards the account are not taxed. Whatever capital gains & earnings you make on your IRA are also not taxed up until retirement, when you withdraw money from your account. For example, imagine you made $50,000 this year and contributed $5000 to a traditional IRA. You will be taxed on $50,000 - $5000 = $45,000. Furthermore, your $5000 contribution will grow tax-deferred for many years, until you retire and decide to withdraw it.

Any 'qualified distributions' you take from a Roth IRA will NOT be included in your taxable income, hence making you exempt from paying taxes. You won't have to pay taxes on the original principal you contributed nor any taxes on capital gains & earnings you have accumulated. In order for the distribution to be classified as 'qualified', it must be taken under 1 of the following circumstances:

- the Roth IRA investor must be 59 and 1/2 years or older at the time of the distribution
- the Roth IRA investor becomes disabled at the time of taking the distributions
- the Roth IRA investor dies and his/her beneficiary receives the assets contained in the plan
- the distributions taken from the Roth IRA will be used in the purchase or building of a new home for the Roth IRA holder or qualified family member. This is limited to $10,000 per person per lifetime. Qualified family members include:
--> the Roth IRA investor
--> the Roth IRA investor's spouse
--> children of the Roth IRA investor
--> grandchildren of the Roth IRA investor
--> parent or ancestor of the Roth IRA investor

The law states that if your adjusted gross income (AGI) is greater than $100,000, you cannot convert from a traditional IRA to a Roth IRA. This law applies to both singles, married filing joint & head of household filers. Note that if you are filing a married-filing-separate tax return, you are not eligible to convert a traditional IRA to a Roth IRA at all, no matter what your adjusted gross income is.