Blank Space Essay

632 words - 3 pages

With tax season approaching, I wanted to share information about a tax-advantaged retirement
account that everyone receiving taxable compensation in 2014 can fund. You have until April 15
to make an Individual Retirement Account (IRA) contribution of up to $5,500 1 for the 2014 tax

Accounts and Eligibility
There are two types of IRAs -- Traditional and Roth.
You can make a full Roth IRA (post-tax) contribution if your individual* 2014 Modified
Adjusted Gross Income (MAGI) 2 is less than $114,000 -- or a partial contribution if it’s between
$114,000 and $129,000.
*Married filing jointly:

2014 Roth income limit threshold is between $181,000 and $191,000
2014 Traditional income limit threshold is between $96,000 and $116,000
Contribution limit of $11,000 (two individual IRAs of $5,500 apiece)
MAGI figures provided below are based on an individual tax filer

You can make a ...view middle of the document...

An underlying principle of a Roth IRA is that your tax rate now would be lower than your tax
rate later. Therefore, receiving tax benefits later will be of greater value than experiencing tax
benefits now.
Investments that compound and are withdrawn tax-free (no capital gains or dividend taxes) grow
substantially faster than would normally be the case. In essence, the Roth IRA is like a savings
account that you should never have to pay taxes on again.
Traditional IRA3
If your individual 2014 MAGI is below $60,000, the Traditional IRA functions similarly to a
standard pre-tax 401(k) account. That is, you could contribute pre-tax dollars, have the money

Individuals age 50 or over at the end of 2014 can make an additional $1,000 catch-up contribution
MAGI is essentially your total income minus pre-tax 401(k) contributions
Income limits only apply if you are covered by a qualified employer-sponsored retirement plan like a 401(k)

grow tax-free, and then pay taxes on all withdrawals in retirement. If your top federal marginal
tax rate is currently 10% or 15%, there is a strong likelihood of experiencing a higher tax bracket
by retirement age, so the Roth could be a more advisable option. Some employers may not offer
a 401(k) plan, and in combination with having a 25% federal marginal tax rate, the Traditional
IRA account would merit serious consideration.
There is very limited benefit for anyone earning more than $70,000 to open this account.
Contributions are made on a post-tax basis rather than pre-tax, the account grows tax-free over
time, but then earnings are taxed upon withdrawal in retirement. It is worse than a 401(k) and
only marginally better than a normal investment account.
Unlike the Roth, you would generally get penalized for withdrawing contributions before turning
59 ½. This early withdrawal penalty amounts to 10% of your distribution, and is in addition to
any income taxes that are owed. Moreover, Traditional IRA withdrawals are required once you
turn 70 ½, whereas the Roth account has no such restriction.

Other Essays Like Blank Space

Electronics Marketing Essay

3573 words - 15 pages Webspace 2. Getting Started 3. Creating a Homepage 4. Design and Layout 5. Inserting and Using Tables 6. Adding Design Elements 7. Previewing in Browser 8. Creating Hyperlinks 9. Inserting Special Media 10. Uploading Files to the Web Pg. 3 Pg. 4 Pg. 7 Pg. 8 Pg. 9 Pg. 12 Pg. 13 Pg. 14 Pg. 16 Pg. 18 2 1 . ACTIVATI NG YO U R W EB S PAC E Before you get started, it is important that you have a space to upload your Web site When it is completed

Why We Read Essay

575 words - 3 pages creates blank space in the brain of a robot-like person. The character watching television displays an image of a happy idiot whose silly looking emotions have obviously been manipulated by the creator of the television program. Cartoons are a good way to influence society by helping them see not only the good things, but also the problems in the world today. This cartoon may emphasize how technology has made mankind lazy mentally as well as physically. The artist may have found a way to influence society into reading more to develop thinking, reasoning and problem solving in the world today.


522 words - 3 pages ) capable of being inhabited Ex. We knew that no planet in the solar system was habitable; in any case, earth had no space ship capable of carrying human beings the fifty million miles to Mars 5) 1. To treat in an overbearing or intimidating manner. See Synonyms at intimidate. 2. To make (one's way) aggressively Ex. When the United Nations issued a warning to him, he simply used it for propaganda purposes--the white men trying to bully the blacks

Brand Extension

619 words - 3 pages | | | | | | |Term |Definition | |Advertising is |1. PAID space in media | | |2. GUARANTEED placement

Effective Leadership Skills

517 words - 3 pages trust and believe in them, but will also free up your time to focus on the higher level tasks, that should not be delegated. It’s a fine balance, but one that will have a huge impact on the productivity of your business. Communication Knowing what you want accomplished may seem clear in your head, but if you try to explain it to someone else and are met with a blank expression, you know there is a problem. If this has been your experience

Eroding The Native Space: The Perceptual Layers Of Papeete Harbor

1835 words - 8 pages son and successor, Pomare V, gave his land to France. The Protectorate was given the name of Etablissements français d'Oceanie (EFO), which would become known as French Polynesia . In order to comprehend the history behind the development Papeete Harbor, one must understand how the native inhabitants viewed this ‘space’. In the historical representation of the transformation of the Tahitian monarchy to the colony French Polynesia, it is easy

Art Critique

1415 words - 6 pages top to its peak at where it is now. In some of the tree branches the viewer is able to see through the some peepholes (spaces) in the picture; through those you would imagine seeing blank spaces but, the artist has used his blank spaces to his advantage by adding even more branches into the spaces. Though in the second piece the negative factor would be the use of space, because there were a lot of free spaces which were not used by the artist

Sour Cream Noodle Bake

1854 words - 8 pages  box  for  "Paragraph   Spacing"  says  0.  In  the  picture  above,  you  can  see  the  paragraph  spacing  is  blank,  which  means   that  the  paragraph  spacing  varies  in  different  parts  of  your  paper.  This  is  not  uncommon,  but  it  is   incorrect.  You  can  see  there  is  an  extra  space  between  paragraphs.  Below

Border Crossing

1033 words - 5 pages student development and connection to the community—not bubble filling or hoop jumping. Its focus on experiential education, or learning by doing, is more closely tied to the adaptive process of outdoor climbing. By training students to critically evaluate the next step, I think that the Woolman School allows for more space for student success, and less room for paralysis. And finally, the crux of it all is that rock climbing and border crossing


775 words - 4 pages have the ability to burrow into your e-mail address book and send themselves without any assistance. Answer: True Reference: Objective 6: Identify Safe Computing Practices Difficulty: Moderate Fill in the Blank: A(n) ____________ is a programmable electronic device that can input, process, output, and store data. Answer: computer Reference: Objective 1: Define Computer and Identify the Four Basic Computing Functions Difficulty: Easy

Ap Essay to Paint a Water Lily Literary Analysis

846 words - 4 pages are soldiers moving forward, they “stand in space to take aim.” Hughes unique perception of nature provides a direct clash with the audiences’ initial perspective of the lily leaf’s atmosphere. By extending the metaphor of a pond at constant war, the speaker emphasizes a sense of intrigue and complexity that his audience generally would not recognize on their own. This primes his audience, the student painter, to listen to his

Related Papers

What Ever I Want Essay

1326 words - 6 pages Part 1 of 1 - | 97.5/ 100.0 Points | Question 1 of 40 | 2.5/ 2.5 Points | When you start Access, which of the following displays first? | | | | A. New Database dialog box | | | | | B. Open task pane | | | | | C. Getting Started with Microsoft Office Access screen | | | | | D. Blank database | | Answer Key: C | Question 2 of 40 | 0.0/ 2.5 Points | The Microsoft Access 2007 command appears on what menu

Music Satisfying The Beasts Essay

640 words - 3 pages drive space, or they can make a personal CD. The CD burner makes this simple task possible. This moderately priced device can be purchased, but most computers bought now already include them. To use, one must simply convert the desired MP3 files into a format suitable for a blank CD, make a play list, and create. Making personal CDs can be even less complex by taking a comprised CD and simply copying it. In making personal CDs, the creator

Computer Technology Essay

532 words - 3 pages Woodley Antoine Unit 1. Problem Set 1. Unit 1 Problems Assignment Requirements Complete the following: * Lesson 1 - Fill in the Blank questions 1-10 on p. 25 of the course text. (MOAC 70-680) * Lesson 2 – Fill in the Blank questions 1-10 on p.61 of the course text. (MOAC 70-680) Submission Requirements Microsoft Word 1-2 pages. 1. The general public in the United States will be able to purchase all of the windows 7

Dialogue Writing Example Essay

602 words - 3 pages opened wide, for there in front of him There are no " " because the narrator is describing the action in was a large dog with a perfectly normal head, four this paragraph. feet, and a tail--and the body of a loudly ticking alarm clock. "What are you doing here?" growled the Watchdog. The first " sits next to What. The ? goes right after here. The ? is followed by the ". There is a space after the ". The g in growled is small. A period is after