Roth IRAs & Conversions
Found 28 Articles.
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IRAs for Grandkids
Grandparents can give a big boost to the finances of their grandchildren who earned money from summer jobs. They can help make contributions to a Roth IRA and begin building a tax-free nest egg. A contribution to a Roth IRA can be made by anyone who has earned income and whose adjusted gross income is […]
When To Convert Traditional IRA to a Roth IRA
Converting a regular IRA into a Roth IRA has several advantages for seasoned citizens, and it can benefit their heirs. A recent law makes it easier for some seasoned citizens to convert their IRAs. This is a good time of year to consider converting your regular IRA into a Roth IRA. A conversion is allowed […]
Are IRAs, 401ks Still Good Ideas?
Many aspects of retirement planning changed over the last decade. One piece of conventional wisdom that has endured is to maximize contributions to IRAs and 401(k) plans. I’ve questioned that in the past, and it is time again to question this advice. IRAs and 401(k)s are tax shelters. Changes in the tax law alter the […]
Estate Planning Strategy: Roth IRAs For Youngsters
A Roth IRA is one of the best investment and wealth building vehicles for youngsters. That’s right, for youngsters. Establishing a Roth IRA for your children or grandchildren creates a valuable, low-cost legacy for which the youngsters later will be very grateful. A few thousand dollars now could be worth hundreds of thousands of tax […]
Year-End IRA Opportunities And Strategies
The closing of this year brings some important opportunities to IRA owners. Don’t put this issue aside until you have read this article and decided whether you need to take action by Dec. 31. Those of you who converted a regular IRA to a Roth IRA this year have a decision to make. When a […]
Five Strategies for Underwater Investments
We’ve done better than most investors since the market peak in March 2000, including the most recent market decline. Even so, you still might own some underwater investments, especially in your Core Portfolio. For example, American Century Income & Growth has declined with the general market. These underwater investments can be used productively to minimize […]
Making Shrewd Roth IRA Decisions
The Roth IRA is one of the best investment tax shelters Congress ever created. But volatile markets add some complications to Roth IRA decisionmaking. If you converted a traditional IRA into a Roth IRA earlier this year or if you are considering a conversion, you should keep an eye on the markets before and after […]
Best Ways to Help Grandchildren
One of the best tools you can use to help a child or grandchild is a Roth IRA. Created as retirement accounts, you can’t do better for estate planning and transferring wealth. You’ve probably heard the advantages of Roth IRAs. Earnings of the Roth IRA are not taxed, and neither you nor your beneficiary pays […]
