Taking a glucocorticoid medication (sometimes called corticosteroids) for treatment of inflammatory arthritis or other health problem may weaken your bones. This, in turn, can lead to osteoporosis. The good news is there are ways you can protect your bones while taking glucocorticoid medicine.
What are the differences between a Simple IRA and a Traditional IRA? A traditional IRA is set up by an individual on his or her own behalf to save for retirement, whereas a SIMPLE IRA is set up by a small business owner on behalf of an employee (including the owner if he or she is a sole proprietor).
From a Traditional IRA, SEP IRA or SIMPLE IRA to a Roth IRA. A rollover from a traditional IRA, SEP IRA or SIMPLE IRA to a Roth IRA is considered a Roth IRA conversion. The credit to the Roth IRA should be treated as a âconversionâ for tax reporting purposes, and not as a regular rollover contribution.