It offers extensive treatments of traditional IRAs, choosing between traditional and Roth IRAs. Many comparisons of the traditional and Roth IRAs are shown to demonstrate why early action may mean a financial boost for individuals. The Roth IRA made Simple also covers areas specific to small business owners and clarifies the Roth IRA so individuals can determine whether this remarkable retirement opportunity is for them. Trock's book provides comparisons to help you choose which investment would be best for you, the Roth or the traditional IRA, based on your age, tax bracket and contribution level. Author Gary Trock details the basics of Roth IRAs, including qualification requirements.
Readers can follow a flow chart to see if they qualify.
For those who exceed the income maximum, Trock provides strategies to reduce adjusted gross income. The chapter that helps readers decide on a traditional or Roth IRA is especially useful. Trock also covers conversions fron traditional to Roth IRAs, raising some interesting considerations in the form of a conversion checklist. My questions were answered. I feel I can make a better decision now.