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5 Keys of All Retirement Plans

Submitted by Jim Blankenship on Tuesday, January 6, 2015 - 12:00pm

Most of you hold at least one retirement plan. Each type of plan differs subtly from others, but most offer deductibility from current income and deferred taxation on growth. Beyond that, other facts remain true across many of these accounts.

Estate Plan: Roth Conversion?

Submitted by Stephen P. Giulietti on Monday, December 8, 2014 - 12:00pm

Your individual retirement account can constitute one of the richest assets you can leave to heirs. In some circumstances, your heirs benefit if you convert your traditional IRA to a Roth before your death. Whether to convert depends on many of your needs and circumstances.

New Way to Fund a Roth IRA

Submitted by Jim Blankenship on Monday, December 22, 2014 - 12:00pm

As you save for your retirement, it’s nice to have a Roth individual retirement account for tax-free income in the future. With the recent guidance from the Internal Revenue Service, there is a brand new method to fund your Roth IRA.

Best Use for Your IRA

Submitted by Jim Blankenship on Tuesday, December 16, 2014 - 12:00pm

An individual retirement account is a powerful tool to save for retirement outside of an employer plan. If you have an IRA, read on for tips that help you make the most out of it.

2015 Retirement $ Limits

Submitted by Jim Blankenship on Wednesday, December 31, 2014 - 12:00pm

You can contribute only so much to your retirement accounts each year. Knowing how much these amounts increase for the coming year makes good sense as you budget your saving and spending.

2 Helpful Tax Strategies

Submitted by Harold Wong on Tuesday, December 2, 2014 - 3:00pm

If you’re like most taxpayers, you have no clue about the most effective tax strategies for these financial vehicles – especially if you lack access to expensive accountants and attorneys. Here’s some guidance.

Untangle Retirement Taxes

Submitted by Eric Meermann on Thursday, November 13, 2014 - 12:00pm

When the Internal Revenue Service leaves a situation vague, sometimes you must guess at the answer to a tax question. The IRS recently issued a clear ruling, though, on a powerful contribution strategy that may change how you use your employer’s retirement plan.

Converting to a Roth IRA

Submitted by Jeff Rose on Monday, November 10, 2014 - 3:00pm

Turning your individual retirement account into a Roth IRA is not a totally black-and-white decision. Understand the rules first, especially relevant tax laws.

Traditional IRAs are largely based on income tax deferral, which means you get a tax break on your contributions in the current year. In retirement, your withdrawals incur income tax.

Make Your Money Last (Pt. 1)

Submitted by Jeff Rose on Tuesday, October 14, 2014 - 12:00pm

You retire and don’t even own an alarm clock anymore. Then it hits you: Can you really afford this lifestyle? Did you save enough and invest right? How long will your money last?

This first of two articles presents strategies to ease your worry about outliving your savings.

Plan a bigger portfolio than you think you’ll need. When planning for retirement, never imagine you’re going to get off easy. Think the opposite.

Why Millennials Need Roth IRAs

Submitted by Grant Webster on Monday, August 18, 2014 - 12:00pm

If 20-somethings ask me what to do to get ahead financially, I have a laundry list: create a budget, start investing now, be smart about your taxes and so on. If I absolutely have to narrow it down to one thing, I’d say, open up a Roth individual retirement account.

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