Chocolate Cake and Your Retirement
When it comes to retirement, there are some things that are like chocolate cake. In other words, you have to time things properly and do them in moderation to your keep retirement savings happy and balanced.
Year-End Financial Review
Year-End Financial Review It’s the end of November, and I hope you had a great Thanksgiving! Now the time is ripe for your Year-End Financial Review. Many people look at their [...]
New Tax Proposals and Roth Conversions
What The New Tax Proposals Mean For Roth Conversions By Sarah Brenner, JD Director of Retirement Education Follow Us on Twitter: @theslottreport It’s hard to keep up with the news out of [...]
Recharacterizing an IRA Contribution
Recharacterizing an IRA Contribution IBy Andy Ives, CFP®, AIF® IRA Analyst Follow Us on Twitter: @theslottreport Recharacterizing an IRA contribution is still in the toolbox. However, a Roth conversion is not. We can [...]
RMD Rules
RMD Rules At age 72*, you begin taking Required Minimum Distributions (RMDs), from your IRA or qualified plan. To determine the amount, divide your account balance on December 31 of the [...]
Roth vs. Traditional IRA
To answer the question of Roth vs. Traditional IRA, they chose to “bite the tax bullet” now and enjoy tax-free withdrawals. It's the same for retirees who converted a traditional account to a Roth. (Their heirs will also inherit the tax-free accounts.) Let's take a look at the Roth vs. Traditional IRA.
3 Reasons to Roll Over Retirement Funds
With job loss can come questions of what to do with retirement savings such as your 401(k) plan. A rollover to an IRA may be good move for you. Here are three reasons why:
4 CARES Act Misconceptions
The Coronavirus Aid, Relief and Economic Recovery Act (CARES Act) was signed into law on March 27. It includes several important retirement-related provisions. Because some of these provisions are confusing, several CARES Act misconceptions have arisen.
Roth IRA & Roth 401k – The Basics
Despite the ubiquity of Roth accounts, there are some common misunderstandings about how Roth IRAs and Roth 401(k)s operate and interact with each other. Confusion swirls around such basic concepts as contribution limits, eligibility and Roth rollovers.
Naming Your IRA Beneficiary
Completing the IRA beneficiary designation form is part of your overall estate planning. Because the outcomes vary depending on your choice, you should understand the options.
