Individual Retirement Accounts - IRAs
Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions
Found 430 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.
How Your IRA Could Be Taxed (Even a Roth IRA)
Years ago, a pension plan acquired an interest in a spaghetti factory. A consequence of that episode is that your IRA might owe income taxes on some of its investment income. Other spaghetti manufacturers said it wasn’t fair they had to compete with a business owner who was tax-exempt. Eventually, Congress agreed and enacted the […]
The SECURE Act 2.0 Could Change Your Retirement Plans
Significant changes in retirement planning were made in the last days of 2022 with the enactment of the 4,155-page Consolidated Appropriations Act (CCA). Most of the CCA appropriates an estimated $1.7 trillion to various government departments. But Division T of the CCA is the SECURE Act 2.0, a 358-page compilation of more than 100 provisions […]
The ‘Back Door’ Roth IRA Strategies Still Work
A little more than a year ago, there was an aggressive effort in Congress to eliminate “back door” Roth IRA strategies. The effort failed. The back door Roth IRA strategies remain available to create a future stream of tax-free gains and income. A back door Roth IRA strategy is necessary in two situations, and there […]
The Back Door Roth IRA Strategies Still Work
A little more than a year ago, there was an aggressive effort in Congress to eliminate back door Roth IRA strategies. The effort failed. The back door Roth IRA strategies remain available to create a future stream of tax-free gains and income. A back door Roth IRA strategy is necessary in two situations, and there […]
SUBSCRIBE TO RETIREMENT WATCH SPOTLIGHT SERIES
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more.
Know When an IRA Conversion Is Most Likely to Pay Off
Near the end of the year, many people consider whether to convert a traditional IRA to a Roth IRA. IRA owners should look through- out the year for good opportunities to convert all or part of an IRA, but interest seems to increase at year’s end. Many variables determine whether a conversion will pay off […]
Eight Beneficiary Designation Mistakes to Avoid
Beneficiary designation mistakes are among the most frequent causes of estate and retirement plan problems, yet they are easy to avoid. The beneficiary designation, not your will or living trust, decides who inher- its retirement plans, such as IRAs and 401(k)s, and some other assets. Too of- ten, someone has a well-written will and living […]
11 Questions to Ask IRA Custodians
There can be time bombs and trap doors in your individual retirement accounts (IRAs). They are easy to find. Often, people don’t learn about them until it’s too late because they don’t know the questions to ask. Most people know to ask about the basic issues. They look for annual account fees, restrictions on investments, […]
7 Critical Year-End Questions for Your IRA and 401(k)
It is the last quarter of the year, so there are some critical questions about IRAs and 401(k)s that should be asked and answered. And that could potentially mean key actions to take the rest of this year, and early in 2023. Retirement plans are among the most valuable assets of most people, so it’s […]
