WHAT\u2019S NEW FOR 2010?<\/p>\n
For 2010, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is:
\n\u2022 More than $89,000 but less than $109,000 for a married couple filing a joint return or a qualifying widow(er),
\n\u2022 More than $56,000 but less than $66,000 for a single individual or head of household, or
\n\u2022 Less than $10,000 for a married individual filing a separate return.<\/p>\n
For 2010, your Roth IRA contribution limit is reduced (phased out) if your modified AGI is:
\n\u2022 More than $167,000 but less than $177,000 for a married couple filing a joint return or a qualifying widow(er),
\n\u2022 More than $105,000 but less than $120,000 for a single individual or head of household
\n\u2022 Less than $10,000 for a married individual filing a separate return.<\/p>\n
CONVERSION FROM TRADITIONAL TO ROTH IRA
\n\u4ece\u4f20\u7edfIRA\u8f6c\u5230ROTH IRA<\/p>\n
Beginning in 2010, the modified AGI and filing status requirements for converting a traditional IRA to a Roth IRA are eliminated.
\nAlso, for any 2010 rollover from an IRA other than a Roth IRA to a Roth IRA, any amounts that would be included as income will be included in income in equal amounts in 2011 and 2012. You can choose to include the entire amount in income in 2010<\/p>\n
WHAT\u2019RE TRADITIONAL IRA AND ROTH IRA?
\n\u4f20\u7edfIRA\u548cROTH IRA \u4e4b\u533a\u522b
\nTraditional IRA
\n\u2022 Tax deductible contribution (but it depends on income level)
\n\u2022 Withdraws begin at age 59 1\/2 and are mandatory by 70 \u00bd
\n\u2022 Earnings and gains, are not taxed until they are distributed
\n\u2022 Withdrawals are subject to 10% penalty if made before age 59 \u00bd ROTH IRA
\n\u2022 Contribution is NOT tax deductible
\n\u2022 No mandatory distribution age
\n\u2022 If you satisfy the requirements, qualified distributions are tax-free<\/p>\n","protected":false},"excerpt":{"rendered":"
WHAT\u2019S NEW FOR 2010? For 2010, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: \u2022 More than $89,000 but less than $109,000 for a married couple filing a joint return or a qualifying widow(er), \u2022 More […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/357"}],"collection":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=357"}],"version-history":[{"count":5,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/357\/revisions"}],"predecessor-version":[{"id":359,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=\/wp\/v2\/posts\/357\/revisions\/359"}],"wp:attachment":[{"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cmcdllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}