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Tag: Roth IRA

From College Fund to Retirement Nest Egg – Tax Free

When each of my children was born, I had their application for a 529 college fund filled out, mailed, and funded with the first $100 before they were released from the hospital. I dutifully funded those accounts monthly for years, until they accumulated enough to fund...

Roll Over 401(k) to IRA But Keep Your Job

Watch this video on YouTube If your employer offers a 401(k) or other retirement plan, contributing to that plan is a foundation of your retirement savings. However, as you approach retirement age, you might consider moving some of your retirement funds out of your...

Roth IRA Tax Strategies, Part Two

Watch this video on YouTube Last week I covered strategies for when to use Roth IRAs. An additional aspect of Roths is the benefit of being able to do a conversion from a traditional IRA to a Roth. It is best to consider doing a Roth conversion when your current tax...

Roth IRA Tax Strategies, Part One

Watch this video on YouTube When saving money for retirement, taxes are not your friend. Their impact, even for those in lower tax brackets, can significantly reduce one’s retirement income. One of the better vehicles Congress created to help people save money that...

Lawmakers Target Roth IRA Tax Benefits

Watch this video on YouTube The President has fired the first warning shot indicating that politicians are eying the tax advantages of the Roth IRA. For years I’ve strongly encouraged maximum funding of Roth IRAs and 401(k)s. Clients have sometimes expressed...