Demystifying IRAs

With more than $30 trillion in retirement funds, these tax-qualified accounts represent the biggest single block of money in the country and commonly represent the lions share of money regular people have. They have specific tax liabilities and with the recent passage of the new tax laws, potentially got worse. With good planning, these retirement accounts can be structured to be financially beneficial. Without good planning, they can be a financial liability, if not disaster. Demystifying IRAs is a comprehensive user's guide to charting paths toward favorable use of these potentially complex buckets of money.