Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions
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IRA Investment Guide: A Road Map for Avoiding the Traps and Penalties for IRA Investments Which assets are allowed, and which aren’t You’re supposed to diversify your investment portfolio. You want to protect it from bear markets, inflation, deflation, and more. What many IRA investors don’t know is Congress and the IRS built obstacles on […]
Bob Carlson’s Guide to Inheriting IRAs: Avoiding the Traps and Maximizing the Wealth from Inheriting an IRA Some of the costliest mistakes with IRAs are made after the accounts pass to the second generation of owners. Heirs often routinely lose a large percentage of their inherited IRAs to unnecessary taxes. It’s not really their fault. […]
Life Expectancy Tables For Required Minimum Distributions Distributions from traditional IRAs and other qualified retirement plans are required after age 70 1/2 for account owners and after inheritance by beneficiaries. Beneficiaries of Roth IRAs also are required to take RMDs. RMDs are calculated by using life expectancy tables provided by the IRS. You can use […]
There are predictable responses to market declines. One response is more people asking, “When can I deduct losses in my IRA?” The disappointing answer is, “Not very often.” The disappointment is understandable. Investment losses have been incurred, so most people think they should be deductible. But generally losses incurred in an IRA aren’t deductible on […]
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.
There are many tools and strategies available to provide financial help for the grandkids, especially education expenses. Perhaps the best available for many people is the Roth IRA. There are several ways to include a Roth IRA in your plan to help the grandkids, and the Roth IRA can help in a wide range of […]
The Stretch IRA is the Holy Grail for many IRA owners. They want their IRAs to last a long time. They want the magic of time and tax deferral to boost the IRA balance. These IRA owners have adequate income and resources, so they don’t plan to spend down their IRAs. They expect the IRAs […]
In the latest tax law Congress made permanent the special provision for charitable gifts from IRAs by those age 70 1/2 or older. This article gives the basic rules and also explains when it is a good idea to use the strategy and when it isn’t. This article gives some tips on how to increase […]
It seems the IRA rules never are stable. Especially when you consider actions other than basic contributions and investments, Congress and the IRS regularly modify the rules. On top of that, the rules become more complicated. Here are some recent rules changes concerned IRAs you should be aware of. More IRS scrutiny. The IRS is […]