Individual Retirement Accounts: Why Bother?
Individual Retirement Accounts: Why Bother?
by William K.
English 121
Mr. Frost
September 22, 1996
Outline
Thesis: When planning for retirement, Individual Retirement Accounts offer
several benefits; however, careful planning is essential to ensure that: upon
retirement there is an adequate amount of money saved, that the heirs to the IRA
are chosen carefully, and that unnecessary taxes and penalties are avoided.
I. Upon retirement there is an adequate amount of money saved.
A. How much money necessary to retire?
1. Social Security verses retirement.
2. Savings Accounts verses retirement.
3. Advantages of starting an IRA early.
II. Careful selection of the heirs to the Individual Retirement Account.
A. Advantage of leaving IRA to spouse
1. Special rights as a spouse.
2. Different options the spouse has for claiming money.
III. Avoiding unnecessary......
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Approximate Word Count: 1927
Approximate Pages: 8 (250 words per double-spaced page)
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