Open AccessRetirement And Estate Planning With An Emphasis On Individual Retirement Accounts
Author(s) -
Johnny Fryar,
Joe Warther,
Todd Thibodeau,
Meyer Drucker
Publication year - 2012
Publication title -
journal of business and economics research
Language(s) - English
Resource type - Journals
eISSN - 2157-8893
pISSN - 1542-4448
DOI - 10.19030/jber.v10i7.7144
Subject(s) - cornerstone , order (exchange) , estate planning , estate , pension , retirement planning , economics , real estate , business , financial plan , finance , estate tax , actuarial science , public economics , tax reform , tax avoidance , art , visual arts
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 todays 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.