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CA Insurance License #0B33145 Janet Barr, MS, ChFC, CLU LPL Registered Principal 206 E. Victoria St Santa Barbara, CA 93101 805-965-0101 janet.barr@lpl.com www.janetbarrcfs.com
To meet these financial challenges, you'll need to make retirement planning a priority.
and otherwise qualify, you may open and contribute to a traditional or Roth IRA as long as your spouse has enough earned income to cover the contributions. Both types of IRAs allow you to make contributions of up to $5,000 in 2011 and 2012, or, if less, 100% of taxable compensation. If you're age 50 or older, you're allowed to contribute even more--up to $6,000 in 2011 and 2012.
According to the U.S. Census Bureau, women own almost 30% of nonfarm businesses. If you're self-employed or own a small business, look into retirement savings options tailored to your needs, including individual 401(k) plans, Keogh plans, SEP plans, and SIMPLE IRAs and 401(k)s. Sources: 1 The National Vital Statistics Report, Volume 60, Number 4, January 2012 2 U.S. Department of Health and Human Services Administration on Aging, A Profile of Older Americans: 2010
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. The tax information provided is not intended to be a substitute for specific individualized tax planning advice. We suggest that you consult with a qualified tax advisor. Securities offered through LPL Financial, Member FINRA/SIPC