What IRA records should I keep?

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	What IRA records should I keep? By The-Adviser.com -
SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes	New York - You should keep the following IRA records: Documentation of your contributions and any withdrawals Documentation of any transfers between IRA accounts or from retirement plans such as 401k plans. IRS Form 1040 (tax return) IRS Form 8606 (shows deductible and nondeductible contributions). IRS Form 5498 (shows the amount of contributions you made each year and the value of your IRA) Because you are not creating a taxable event, you generally do not need to keep track of transactions that merely shifts money around within your IRA account. About Us The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.	Failure to have adequate IRA documentation in the event of an audit - could very well be "taxing" problems. Got an investment question? Ask The-Adviser.com Open a professionally managed account: Brokerage Accounts Traditional IRAs Roth IRAs 401(k) IRA Rollovers 403(b) IRA Rollovers College Savings Retirement Savings Top Ten Investment Picks Financial Advisory Services Money Management Retirement Planning Portfolio Reviews 401(k) Rollover Assistance College Savings Financial Plans
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