Written by attorney Robert Michael Slutsky

A Roth IRA is a different type of IRA and it may work for you.

In its basic form an IRA (Individual Retirement Account) is an account that you can contribute funds free of federal income taxes. You can contribute up to $5,500 per person (or $6,500 per person if over age 50) in 2018. You get a deduction on your 1040 for contributions to the plan. IRAs are not

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Contact an experienced Elder Care attorney to better understand how taxes come into play with estate planning.

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