Roth 401(k)s vs. Traditional 401(k)s
By now, most Americans understand that at the very least, they should be participating in their employer’s defined contribution plan, most commonly offered in the form of a 401(k). But […]
Last Chance for a 2010 IRA Contribution!
Where does the time go? With the first quarter of 2011 nearly in the history books and spring upon us, it’s a good time to review your financial affairs before […]
Special Tax Benefits for Roth IRA Conversions End in 2010!
If you are thinking about converting your IRA to a Roth IRA, don’t miss the opportunity to do it before the end of 2010. There is currently a provision in […]
60 Day Rollover Rule Extended to November 30, 2009!
If you have taken a distribution from your IRA or other qualified retirement plan for 2009 that you did not want, read this article before it’s too late! Most IRA […]
Roth IRA Conversions
The Roth IRA became available in 1988 and, for the first time in history, allows someone to save for their retirement completely tax-free. This new development has been looked upon […]
Required Minimum Distributions Suspended for 2009
On December 23, 2008, Congress signed into law the “Worker, Retiree and Employee Recovery Act of 2008.” This law allows individuals who would normally be required to take a minimum […]
Inherited IRA
One of the most common and costly financial mistakes occurs as a result of someone inheriting an IRA or other retirement account and not following the distribution rules. Many IRA […]
Required Minimum Distributions
For all individuals who have an IRA or other type of retirement plan, there comes the dreaded day when they turn 70-1/2 and need to begin taking their Required Minimum […]
IRA vs. Roth IRA—What’s the difference?
Whenever a conversation comes up about retirement accounts, the most common question I get is which is better, an IRA or a Roth IRA? Although the answer depends on your […]