Retirement And Estate Planning With An Emphasis On Individual Retirement Accounts

Abstract

Tax sheltering earned income for use in later years has become the cornerstone of many taxpayers’ retirement plans since so many companies have dropped their defined benefit pension plans in order to remain competitive in today’s international market place. Many taxpayers are utilizing Traditional IRAs, Roth IRAs and designated Roth accounts as important financial planning tools when the other plans are not readily available or no longer useful for their situations.