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June 2008 Women and Retirement Planning
Plan For Retirement Income |
by Judy Cziprian, CSA |
| Even if you're staying at
home to raise your family, you can - and should - continue to save
for retirement. If you're married and file your income taxes jointly, and
otherwise qualify, you may open and contribute to a traditional or
Roth IRA as long as your spouse has enough earned income to cover
the contributions. Both types of IRAs allow you to make contributions of up to $5,000 in 2008 ($4,000 in 2007), or, if less, 100% of taxable compensation. If you're age 50 or older, you're allowed to contribute even more - up to $6,000 in 2008 ($5,000 in 2007). Plan for income in retirement. Disclaimer: click here to read more |
Judy Cziprian
Financial Advisor Certified Senior Advisor Ameriprise Financial Services, Inc. |
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locally based and managed by an all-volunteer leadership team. ©2004-2008 California Professional Women's Association, Inc. |