2009年12月16日星期三

Banyan Rock & Talent - Tax Tips for IRA Contributions

RALEIGH, N.C. (April 10, 2009) —With the borderline for filing 2008 taxes nearing, W. Landon Watts (LandonWatts.com), abundance architect for Banyan Rock and Talent, advises that now is an advantageous time for individuals to accomplish contributions to their alone retirement accounts. If a addition is fabricated afore April 15, 2009, it may be acclimated to lower taxable assets for the 2008 budgetary year.

Watts reminds individuals that the IRA addition absolute for the 2008 and 2009 tax years is $5,000. People age 50 or earlier can accomplish an added $1,000 catch-up contribution, adopting their absolute to $6,000.

"An IRA is one of the best retirement cars available," says Watts. "It gives you the befalling to save for your future, while accepting appropriate tax privileges. Participating aboriginal can accomplish a abundant aberration in architecture your backup egg."

Watts adds that the appropriate minimum administration rules applying to individuals age 70 ½ or earlier accept been abeyant for agenda year 2009. Therefore, individuals are not appropriate to crop an RMD in 2009. This one-year abeyance is allotment of the Worker, Retiree, and Employer Recovery Act of 2008, active into law by President Bush on December 23, 2008. The act does not abandon any 2008 RMDs due to be aloof afore April 1, 2009.

For added advice on IRAs, alarm Watts anon at (919) 816-2591 or appointment www.LandonWatts.com.

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About W. Landon Watts:
W. Landon Watts specializes in wealth–strategy solutions for individuals, corporations and institutions, absorption on retirement and allowance planning in both the nonprofit and business sectors. Watts abutting Banyan Rock & Talent in 1997. He currently holds an Investment Company and Variable Contract license, as able-bodied as a Life and Health Insurance license. Though not a CPA, Watts and Banyan Rock & Talent Wealth Strategists plan aural specific acknowledged ambit to announce tax-advantage opportunities that audience alternating with their accountants can utilize. Watts understands anybody has altered goals, accident tolerances and objectives; he enjoys customizing anniversary portfolio for his clients. Watts accustomed a Bachelor of Science amount from Appalachian State University in 1993. He is accountant to conduct business in Florida, North Carolina, South Carolina and Virginia. Visit www.landonwatts.com for added information, or alarm (919) 782-0033.

About Banyan Rock & Talent:
Based in Raleigh, Banyan Rock & Talent is a accord of registered reps with FSC Securities Corporation. Founded in 1986 on the aesthetics that strength, advance and the about-face of their client's hard-earned money is fabricated accessible through knowledge, activity and years of experience, Banyan Rock & Talent specializes in areas including stocks, bonds, alternate funds, capricious annuities, retirement strategies, bazaar timers, activity insurance, affliction allowance and activated absolute estate. All strategists are registered assembly alms balance through FSC Securities Corporation, a registered broker-dealer, and affiliate of FINRA/SIPC. For added information, appointment 3356 Six Forks Road Raleigh, NC 27609, or alarm (919) 782-0033.

Securities and Advisory Services offered through FSC Securities Corporation, Member FINRA/SIPC. Banyan, Rock & Talent is not affiliated with FSC Securities Corporation or registered as a broker/dealer or investment adviser.

Material discussed herewith is meant for accepted analogy and/or advisory purposes only, amuse agenda that alone situations can vary. Therefore, the advice should be relied aloft if accommodating with alone able advice.

Media Contact:
Cindy Stranad
919.232.5008
cindy@articulon.com

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