plinc business blog

Roth IRAs, with a few exceptions, grow income-tax free and owners are not required to begin taking minimum distributions at age 70½. Your Roth IRA can continue to grow tax-free for as long as you own it. Regular IRAs grow tax-deferred, and both the original investment and the growth will be taxed when the money is withdrawn. The disadvantage of the Roth IRA is that you do not receive a tax deduction when you make a contribution. In effect, Congress is taxing the seed (your contribution), but you reap the harvest (your withdrawals) tax free. In contrast, with a traditional IRA, you are not taxed on the seed, but your harvest is taxed… @

RESPA covers loans secured with a mortgage placed on a one-to-four family residential property. These include most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit. HUD’s Office of RESPA and Interstate Land Sales is responsible for enforcing RESPA… @

A prepared homestead deed can be filed at the Clerk of the Circuit Court. The cost is $21.00. The deed must have a cover sheet which can be accessed at www.landsystems.com. You can download and use this coversheet agent for free for four hours… @