Tag Archives: ROTH IRA
Opportunities And Challenges Presented by 2009 Roth IRA Rollovers
There is an interesting new rollover opportunity that’s coming up in a few months. After 2009, you will be able to roll over amounts in qualified employer sponsored retirement plan accounts, such as 401(k)s and profit sharing plans, and regular IRAs, into Roth IRAs, regardless of your adjusted gross income (AGI). Currently, individuals with more than $100,000 of adjusted gross income as specially modified are barred from making such rollovers.
Posted in Employee Benefits, Tax, Tax Planning
Tagged Individual Tax, ROTH IRA, Tax Planning
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5 Tips For Handling Your IRA During A Recession
Sometimes there can be a silver lining in a down economy, but you have to be paying attention to see them. Here are some ideas that should capture your attention.
Posted in Employee Benefits, Tax, Tax Planning
Tagged IRA, Recession, ROTH IRA, Tax, Tax Planning
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Roth Conversions – Should You Wait For 2010, If At All?
There are a number of advantages for starting a Roth IRA account, the most important being that all the investment earnings grow tax-free, and qualified distributions are tax-free. Additionally, you can continue to make contributions to your Roth after you turn 70 1/2 and are not subject to the required minimum distribution rules. Currently, only individuals who have a modified adjusted gross income (AGI) of less than $100,000 and/or who do not file their return as “married filing separately” can contribute to a Roth IRA, or convert their traditional IRA to a Roth. Continue reading
Posted in Tax, Tax Planning, Wealth Management
Tagged Individual Tax, ROTH IRA, Tax, Tax Planning
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