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Now is the Time to Invest for Your Retirement!
By Scott Pearson
Homeowner Loans Another bill has just landed through the letterbox and your still haven`t paid the monthly direct debt to the utility firm. You`ll have to sort out funds for your credit cards next week and then there are the catalogue payments to make. It`s the same story each and every month where you struggle to keep on top of your regular payments. Having taken out dribs and drabs of loads over the last few years you now have to pay a number of companies back. What if you could amalgamate all of your loans into one fixed monthly payment? Suppose you could reduce the amount that you pay each month by spreading the payments over a longer period of time. Look into the various Homeowner Loansthat are available at the moment and you could end up paying less in repayments each and every month. Price comparison sites are the places to look if you want one of the Homeowner Loans. They`ll scour the marketplace searching for Homeowner Loansthat will suit your individual needs. Combine all of your debts into one slightly larger loan amount and you should have more money each month that can be put away for a rainy day. Article03.html Many people in the UK, in fact as many as one in three UK taxpayers have paid too much tax! A new `No Win No Fee` tax refund service has just been launched by Greer & Taylor LLP on a dedicated new website The Taxation People which can be found at www.thetaxationpeople.com where you can find out all the infomation need before making the decision to apply for a tax refund. The Taxation People offer a cost effective `No Win No Fee` online service, with a simple and easy to follow process they will guide every step of the way as you apply for a the refund. I would urge you to check out www.thetaxationpeople.com, where you can enlist the help of the The Taxation People who will get you the Tax Refund you are entitled to. The Taxation People are a trading name of Greer & Taylor LLP a respected and trusted accountancy service provider who is moving to provide a number of online services. Initially they are only offering the Tax Refund service that can be found at www.thetaxationpeople.com, but Greer & Taylor LLP are about to lauch a cost effective Self Assesment Service, keep an eye on www.greer-taylor.com for more information.
Individual Retirement Accounts (IRAs) are excellent plans to build retirement savings. Depending on the type of IRA that you choose, contributions can be tax deductible and grow tax deferred or even tax free. There are three types of retirement accounts that are commonly used to accomplish your retirement goals; the Traditional IRA, Roth IRA, and SEP-IRA. To make things even better, the IRS recently announced new maximums for qualified plans for contributions counting in 2005 as an added incentive to invest for your retirement. The Traditional IRA- In 2004, the annual contribution limit was set at $3,000. However, this was raised to $4,000 for contributions that are counted in 2005. Contributions are fully tax deductible if you do not participate in an employer retirement plan. Single tax-payers who participate in an employer retirement plan must earn a gross income of no more than $50,000 to earn a full deduction. Investments grow tax deferred with earnings taxed only at withdrawal. The Roth IRA- Annual contribution maximums are the same for both Traditional and Roth IRAs. Contributions to the Roth IRA are not tax deductible. However, contributions and earnings can be withdrawn free of tax and investors are not required to take minimum distributions after age 70 ½ as they would be under a Traditional IRA. Single investors must earn no more than $95,000 annually to be eligible for a full contribution. The SEP-IRA- This plan is available to self employed individuals who normally do not fall into the low income category. These self employed individuals can contribute 20% of net income or $42,000, whichever is less. Similar to the Traditional IRA, contributions are tax deferred. However, the SEP-IRA allows participants to invest larger quantities toward retirement. There is no better time than the present to begin planning for a financial stable retirement. To learn more about these opportunities or to begin investing for your retirement, contact scott@valueview.net and be sure to visit 
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