Individual Retirement Accounts - IRAs
Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions
Found 388 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.
RMDs: Burdens to Benefits
People in their late 70s and beyond often find that the RMDs increase over time and create higher income tax burdens for them. Fortunately, there are strategies for those who don’t want that steady increase of distributions during their lifetimes. l Take money out of the IRA before you are required to, and the earlier […]
Knowing When to Convert an IRA
Too many people are told that because they are seasoned IRA owners, they’re too old to convert a traditional IRA to a Roth IRA. Converting a tradition-al IRA to a Roth IRA can be a good idea at any age, if the circumstances are right. Unfortunately, I still hear from too many people who were […]
Tips to Maximize Benefits of an IRA Conversion
There are some strategies that will increase the benefits of an IRA conversion or help you turn a conversion mistake into a benefit. Convert in stages. It can be expensive to convert all of a large IRA in one year. You might not have enough cash to pay the taxes, or the conversion could push […]
Details on the "Backdoor Roth IRA"
From time to time I write in Retirement Watch about the Backdoor Roth IRA conversion and how it can allow a person who normally isn’t eligible to open a Roth IRA to obtain one at low or no tax cost. Here’s an article laying out all the details. Before we delve into the workaround, let’s […]
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.
Winning IRA Strategies for 2015
Too many people leave money on the table when managing their IRAs. There are a lot of decisions to make, and the wrong choices can result in higher taxes or even penalties. That’s a shame, since IRAs are among the most valuable assets most people own. Resolve this year to review the IRA strategies discussed […]
Roth Accounts: Not Only for the Young
Roth IRAs aren’t very old, but they al-ready spawned some rules of thumb. The most common rule of thumb for Roth IRA is that they’re for relatively younger people. Unfortunately, this rule of thumb is the result of some good research that is distorted and misapplied. It’s causing many people to not use Roth IRAs […]
New Rules for Rolling Over After-Tax 401(k)s
New IRS rules make it easier for higher-income workers to shift their money to Roth IRAs. The rules apply to people who make after-tax contributions to 401(k) plans. These are contributions that exceed the maximum allowed tax-deferred contribution. You can make contributions above the tax-deferred ceiling, but the excess can’t be excluded from gross income. […]
Avoiding IRA Beneficiary Mistakes
Here’s a good summary of some key points to naming IRA beneficiaries. We’ve included these and more in past issues of Retirement Watch. It’s a good review for my readers and a useful introduction for those who haven’t been members yet. Clients who pay big bucks to have lawyers prepare wills and trusts often complete […]
