Common Cents Blogging

IRA? I don’t know anyone named IRA

This is my first blog post…ever. I really have no idea where to start. Ironically I work with investors everyday who have no idea where to start.

One of the best places for any investor to start is with an Individual Retirement Account (IRA). They are available to almost everyone and the benefits are great. Under current IRS guidelines, any individual with earned income may contribute 100% of their income or up to $5,500 per year, whichever is less. If you are over the age of 50 the contribution limit increases to $6,500 per year.