Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Individual Retirement Accounts - IRAs

Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions

Found 72 Articles.
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The Charitable Remainder Trust: How to Protect & Stretch Your IRA

September 19, 2018

The number of people naming charitable trusts as IRA beneficiaries is climbing, and for good reasons. Typically, IRA beneficiaries are individuals, often the surviving spouse or the adult children of the owner. The goal often is to create a Stretch IRA, with the beneficiary taking only required minimum distributions (RMDs) each year so the tax-deferred […]


Unconventional Investments in Your IRAs: Pros, Cons and Risks

January 19, 2018

IRAs are among today’s most misunderstood investments. For example, did you know there’s a “back-door” way to create a Roth IRA, even if your income exceeds the limit?  (For more on that, visit last week’s story, here.) Today we’ll cover three more aspects of IRAs you may not have considered already… Unconventional Investments in IRAs […]


6 Misunderstood IRA Rules and Strategies

January 12, 2018

IRAs aren’t the simple vehicles they seemed when they were new. What’s more, Baby Boomers have reached the stages of life when the rules are more complicated and full of pitfalls. Here’s a guide to the top questions my readers are asking about IRAs, and mistakes many are making. Required minimum distribution mistake #1.  Most […]


What’s the Best Option for a Spouse Inheriting an IRA?

December 8, 2017

As we discussed last week, the rules for a spouse inheriting an IRA are murky, at best. The best option? That usually depends primarily on the spouse’s age. Here’s why. When the surviving spouse is under age 59½, the 10% penalty on early distributions applies to any money taken from a spousal rollover IRA. Remember that […]


What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.


What Every Spouse Needs to Know About Inheriting an IRA

December 1, 2017

Many mistakes are made with inherited individual retirement accounts (IRAs). The rules aren’t straightforward or intuitive, so people often make the wrong decisions, resulting in thousands of dollars of taxes unnecessarily paid to the Internal Revenue Service (IRS). Bottom line: Your loved ones need to know what to do when they inherit an IRA. Knowing […]


How to Make the Most of Your 401k Plan for a Wealthier Retirement

October 27, 2017

Rollovers from 401(k) accounts are the main reason IRAs are among the most valuable assets many retirees own. When people leave a job, for either a new one or retirement, they often roll over the 401k balance to an IRA. To maximize the value of your IRAs in retirement, you need to maximize 401k account […]


IRA Mistakes & Opportunities [Case Studies]

October 20, 2017

Individual retirement accounts (IRAs) become more complicated as balances increase and distributions are taken. It’s good to know some key rules so you won’t trigger additional taxes and penalties or miss some grand opportunities you didn’t know were available. Examples of people making IRA mistakes come my way almost every day in court cases, IRS […]


How to Protect Your IRA from Creditors

September 1, 2017

How safe is your IRA? Your assets could be at risk… from several directions. There is always the potential for a downturn that reduces cash flow from your job, business, or investments. Creditors could then seek payment from your personal assets. Lawsuits are another risk. Some occupations, such as being a doctor, carry high risks […]

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