Read This First Before Tapping Your Retirement Savings
Your 401(k), IRA or other retirement accounts may be a tempting source for cash if you find yourself short of funds or have a major purchase you are c…
IRA
How Can a Nonworking Spouse Qualify to Fund an IRA?
One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly female workers with families. …
Video tip: A Possible End to Excess Wealth from Backdoor Roth IRA Conversions?
A new legislation has been proposed that could limit the ability of high-income earners to take advantage of Roth IRA conversions. Watch this video for a detailed explanation of the proposed legislation and how it might affect you.
Mega-Rich Backdoor IRA Strategies May Backfire If New Tax Bill Passes
A proposed tax code change would mandate an annual required minimum distribution for retirement accounts exceeding $10 million. Full story below….
Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress passed the SECUR…
Back-Door Roth IRAs
Many individuals who are saving for retirement favor Roth IRAs over traditional IRAs because the former allows for both accumulation of account earnin…
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