Roth IRAs provide individuals with an account that allows them to invest in various assets. You can open one through any number of custodians such as banks or brokerage firms and then begin saving by contributing or transferring money into it.

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Know Your Options When Saving for RetirementIt is essential that you know all your options when saving for retirement, and Thrivent financial advisors can assist in understanding what makes a Roth IRA different and how it could fit with existing accounts.

Contributions are tax-free

Roth IRAs allow for withdrawals of contributions without tax or penalty. Traditional IRAs, on the other hand, allow withdrawals after tax with a 10% penalty. To qualify for a Roth IRA, your earned income must fulfill certain criteria, such as salaries, hourly wages, bonuses commissions or self-employed income – Social Security benefits retirement distributions and unemployment compensation do not count towards eligibility criteria.

Roth IRAs allow you to withdraw your earnings tax-free after age 59 1/2 (subject to certain exceptions). Your withdrawals of earnings from Roth IRAs are tax-free after age 59 1/2 (subject to certain exceptions); unlike traditional IRAs or 401(k)s that require you to pay taxes when withdrawing funds before age 59 1/2; in most cases a 10% penalty must be assessed if withdrawals occur prior to this point.

There are no required minimum distributions

Roth IRAs do not have required minimum distributions (RMDs), allowing investment earnings to accrue tax-free. This is a significant benefit for people who expect to be in lower income brackets during retirement. You may withdraw principal from your Roth IRA at any time without incurring taxes or penalties; however, withdrawals before age 59 1/2 could trigger income taxes as well as a 10% penalty (unless exception applies).

RMDs are required for traditional IRAs starting at 72 or 70 1/2 years old, depending on the year you were born. The IRS provides a table of life expectancy that is used to calculate withdrawals. If you miss your RMD, there may be penalties up to 25% of its amount that must be paid, in addition to regular income taxes on this missed distribution – making this another compelling reason to consult both tax and legal advisors before making investment decisions.

You can withdraw your earnings tax-free at any age

Your Roth IRA contributions can be withdrawn at any time; however, it’s wiser not to do so until retirement has arrived. Withdrawals before age 59 1/2 will incur taxes and an early withdrawal penalty of 10% of earnings; however this penalty may be waived depending on circumstances.

If you are older than 59 and meet the five-year rule, it is possible to withdraw investment earnings at any age without penalties. However, you must pay income tax on them.

Contributing to a Roth IRA is based on your modified-adjusted gross income (MAGI), a figure that includes all deductions, credits and qualifying income taxes. Contributors with MAGIs below $138,000 for single filers or $228k if filing jointly may make tax-free contributions – also, “taxable compensation” must have been received during this year in order to qualify.

No income cap

Roth IRAs do not have an income limit, but the contribution limits are based on your filing status and gross adjusted income. This is to ensure fairness for all workers and prevent those with high incomes from benefiting more than others. The 401(k), however, uses non-discrimination criteria to determine eligibility for contributions.

Roth IRA contributions are only possible with earned income, such as your salary, wages per hour, tips, or commissions that you have received. Investment income such as dividends or interest or Social Security benefits do not count towards earned income and cannot be contributed using Roth IRAs.

Roth IRA contribution limits can change every year. The current limit is $6,500 for anyone under 50. If you go over this limit, an extra $1,000 in “catch-up contributions” will be allowed. The IRS imposes a 6% fee on excess contributions or earnings in your account. To avoid this, you must withdraw the items within 6 months of your tax return deadline date, or file an amended return for prior year earnings and contributions.

How Can Internet Marketing Help Your Small Business?

Did you know that content marketing costs 62% less than traditional marketing, despite generating 3 times as many leads? Content marketing is one of the fundamental types of internet marketing. Some marketers even believe it is the most important.

We’ve all heard that content is king. This is true for online marketing, as the content is an essential aspect of it.

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Why Online Marketing Matters

Online marketing offers numerous benefits to a business. If you’re a small business owner, regardless of your niche, you should be leveraging digital marketing to your advantage. This can open countless opportunities, even with a small budget. Digital marketing can be used to complement your business goals with just about any budget. And once your business starts growing, you can adjust your campaigns accordingly.

With the internet’s rise in popularity, the expectations of our customers have also started to grow. Presently, a customer expects a brand to have a professional website and cross-platform social media presence. A recent report on Ecommerce found that 85% of consumers perform research prior to making an online purchase. If the consumers find no trace of your brand, they might get discouraged from investing in your product.

Digital marketing offers a 2-way communications channel between businesses and their customers. This makes it easier for brands to reach out to their customers and promote customer retention. Offering the customers a way to contact your business in case they have questions is also highly favorable for building trust.

With the astonishing amount of time people spend online, digital marketing is the way to reach them. Digital marketing enables your business to reach your customers instantaneously. You can even choose where and how you’d like to reach out. Perhaps you get better conversions with a blog post that your customers read in the comfort of their home. Or a brief video they find on Facebook during their lunch break.

You can control all this, and much more, with the right digital marketing strategy. No matter your business’s target audience, you’ll find them online. Optimizing your return on investment (ROI)  is a question of where and how you choose to reach out.

Understanding Digital Marketing

Digital marketing can represent a path to a higher ROI, compared to other types of marketing. We appreciate that small businesses have a limited marketing budget. Therefore it is essential to optimize every penny spent.

Digital marketing is one of the most cost-efficient and scalable marketing models. You can see a great return with a small amount spent on ads. The instant scalability of most digital marketing types will enable you to increase the said budget anytime.

A popular strategy employed by small businesses is starting with a small advertising budget in the optimization phase. Once the marketing campaign is fine-tuned and the results are consistent, the budget can be scaled up. This will save a significant amount of money in your campaign’s testing phase.

If however, there’s no budget you can spare for marketing, it’s not a problem. Digital marketing offers numerous free marketing solutions for small businesses. Keep in mind that the results won’t be comparable to the ones from a complete marketing campaign. Start by creating social media profiles for your business and creating some content. Having a Google My Business listing is also important to build reliability and drive traffic.

In Conclusion

Online marketing is the best tool for small businesses that want to gain a leg up against large corporations. The right strategy can be used to grow your traffic, sales, and ROI.

If you’re ready to boost your business with digital marketing but don’t know where to start, then you’re in the right place. Salterra helps small businesses compete online by increasing their brand awareness and visibility.

Get in touch with us, and let us grow your business with affordable online marketing services!

Everything Smart Patients Want and Need to Know About VASER Liposuction

Liposuction is a proven cosmetic procedure that removes fat deposits deposited under your skin. VASER liposuction is a breakthrough type of liposuction that breaks apart fat cells and loosens them from your deeper tissues to more effectively remove fat during a surgical procedure.

VASER is an acronym for: vibration, amplification of sound energy at resonance. VASER ultrasound technology uses powerful waves to disrupt the bonds between fat cells. The gently losens fat like grapes in a cluster

VASER liposuction is a more controlled and gentle kind of cosmetic procedure, which requires a skilled and experienced surgeon to do it properly.

You are a good candidate for VASER if you’re a healthy person who doesn’t smoke or have a history of bleeding conditions.

Liposuction isn’t a weight-loss tool. People who have the best results with VASER liposuction, or any liposuction, are close to your ideal weight. This procedure is best for people who are trying to spot-treat fat deposits and reveal muscle tone underneath.

Things To Know and Understand Before Having Lipo and Vaser Lipo – Vaser Liposuction Before After

Before going for liposuction and vaser liposuction, you need to understand the procedures to be able to achieve your desired outcome. The two techniques get rid of stubborn fat cells in your body so that you will be able to get a slimmer look. VASER fixes body areas like buttocks, thighs, stomach, chin, and so on (vaser liposuction before after).

VASER Lipo Before and Photos are a Key evaluation Tool

We encourage you to study BASER before and after photos for two reasons.

1. Get to know and understand what quality results look like to you. Choose a surgeon that produces results you appreciate.

2. See yourself in the before photo. Make sure you can see yourself in the after pictures. Will you be happy with the results.

When you find a surgeon that impresses you, book a consultation and better understand what is possible for you.