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> Extension Economics > Family Economics
Retirement Planning Publications
- Estimating the Amount to Save for Retirement. (MT198905HR).
This MontGuide shows a process for estimating the minimum annual and monthly savings (in today's dollars) to set aside to achieve the level of living you desire during retirement. (2003)
- Individual Retirement Accounts (IRAs). (MT199807HR)
IRAs, tax-advantaged retirement savings alternatives, have been available since 1974. This MontGuide explains Traditional IRAs (deductible and nondeductible) and Roth IRAs, and discusses who can contribute to an IRA, how to set one up, and how much can be contributed. It also explores the tax consequences of different IRAs at different income levels. (2002)
- Inheriting an IRA: Planning Techniques for Primary Beneficiaries. (MT200310HR)
When an IRA owner dies, the account balance is distributed to the owner's beneficiaries according to certain rules. In many cases, beneficiaries can use planning techniques (even after the owner's death) to minimize taxes on the IRA (2006).
- Inheriting an IRA: Planning Techniques for Successor Beneficiaries. (MT200311HR)
When the owner of an IRA dies, the IRA account passes to his/her primary beneficiaries. When one or more of the primary beneficiaries dies, certain rules govern how successor beneficiaries inherit the IRA balance. (2006)
- Shopping for an IRA. (MT200207HR)
An IRA can be an important tool to help achieve a financially secure retirement. This MontGuide tells how to evaluate different IRAs before investing and provides a worksheet to help compare one with another. (2002)
- Withdrawals from IRAs When owner is Between Age 59½ and 70½ and when owner turns 70½ (MT200309HR)
Describes the tax consequences that apply to withdrawals from IRAs and other qualified retirement plans when the IRA owner is between ages 59½ and 70½, or over 70½. (2003)
- Withdrawals from IRAs When the Owner is Under Age 59½. (MT200308HR)
Withdrawals from IRAs and other qualified retirement plans when the IRA owner is under age 59½. Includes exceptions to the 10 percent early withdrawal penalty (2003).
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