It’s March and money is on the mind. People are researching opportunities for saving and investing and many are turning to financial professionals for assistance in opening, consolidating or rolling over qualified retirement funds to an Individual Retirement Account (IRA).

With the April 15 deadline for making a 2009 IRA contribution creeping closer, below are Ten Reasons to Consider Opening an IRA or Rolling Over 401(k) Monies to an IRA:

1. I want to leverage the tax advantages of an IRA.

2. I am over 50 years old and I’d like to utilize the “catch-up” contribution limits.

3. I had a New Year’s resolution to be fiscally fit.

4. I have already received my tax refund and would like to use that money toward my 2010 IRA contribution .

5. I am seeking additional investment options for long-term financial goals.

6. I have a new job and I am wondering how and where to rollover my lump sum distribution.

7. I am concerned about my retirement savings and relying solely on Social Security.

8. I want to learn more about retirement savings options.

9. I have inherited some money and would like to use the money to increase my retirement savings.

10. I have a child who recently graduated from college

According to Allstate New Jersey Exclusive Agent Marc Ludwig, this is the right time to put dollars aside for retirement by contributing to a Traditional IRA because, if you meet the prescribed requirements, you may get an additional deduction on your taxes. If you don’t necessarily meet those requirements, then you might consider a Roth IRA, which offers tax advantages when you receive a qualified distribution.

For more information about IRAs, contact Allstate New Jersey Exclusive Agent Marc Ludwig at 645-6999.— Advertorial