{"id":494,"date":"2014-05-26T10:01:09","date_gmt":"2014-05-26T17:01:09","guid":{"rendered":"http:\/\/allnevadainsbl.wpengine.com\/?p=494"},"modified":"2014-05-26T10:01:09","modified_gmt":"2014-05-26T17:01:09","slug":"ira-101","status":"publish","type":"post","link":"https:\/\/www.allnevadainsurance.com\/blog\/ira-101\/","title":{"rendered":"IRA 101"},"content":{"rendered":"<p>An IRA is a good way to put money aside for retirement, and since anyone may open up an IRA account, it\u2019s an easy way to start preparing.\u00a0 There are two different IRA types; the Roth and Traditional.\u00a0 Roth IRAs are funded by <strong>after tax<\/strong> dollars, and all gains from the IRA are then tax free.\u00a0 Traditional IRAs are funded via <strong>pretax<\/strong> dollars which means you have to give<\/p>\n<p>Uncle Sam his share when it comes time to receive the gains.\u00a0 The good part of a Traditional IRA is that the contributions <strong>may<\/strong> be tax deductible the year of the contribution.\u00a0 In other words, it reduces your total taxable income for that year!<\/p>\n<p>Remember, the two key concepts here are time and amount.\u00a0 The longer you give the money to grow, the more you will have.\u00a0 You need to make sure that the total from all sources is enough to live on for a long time.\u00a0 Life expectancies keep going up, but retirement age is still 65.\u00a0 You never know how long you need retirement money, and the last thing a retired person wants to do is go back to work because they <strong>have<\/strong> to, not just cause they <strong>want<\/strong> to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An IRA is a good way to put money aside for retirement, and since anyone may open up an IRA account, it\u2019s an easy way to start preparing.\u00a0 There are two different IRA types; the Roth and Traditional.\u00a0 Roth IRAs are funded by after tax dollars, and all gains from the IRA are then tax [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88],"tags":[193,90,339],"class_list":["post-494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archives","tag-193","tag-all-nevada-insurance","tag-ira"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/posts\/494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=494"}],"version-history":[{"count":0,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/posts\/494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.allnevadainsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}