September 2, 2015

How Much Can I Contribute To My SEP IRA?

How Much Can I Contribute To My SEP IRA?

The calculations for this are a little strange. Here is the formula and two examples of how it works to help you.

Read More...

Which Retirement Account Should I Fund?

Which Retirement Account Should I Fund?

Which account you should fund depends on your circumstances, but here are some general guidelines you can follow to make your decision.

Read More...

How Can I Contribute to Two Roths?

Pineapple in Field

The terminology is a little confusing, but you are allowed to have and contribute to both individual retirement accounts and employment-related retirement accounts.

Read More...

How to Convert Taxable Savings Into Your Roth IRA

How to Convert Taxable Savings Into Your Roth IRA

Most tax professionals don’t think of such tax planning opportunities, because they have to focus on complying with tax accounting regulations.

Read More...

Fund Your Roth IRA Even When You Can’t Afford It

Fund Your Roth IRA Even When You Can't Afford It

Sometimes, there isn’t enough to do it all. Even then, fund your Roth.

Read More...

What Should I Do With a 401(k) From a Previous Employer?

ballet leap

You have 3 basic options, but whichever option you choose, do not lose track of the accounts you own.

Read More...

The Complete Guide to Automating Your Savings

The Complete Guide to Automating Your Savings

After automating your entire investment plan, you can save and invest without even having to watch.

Read More...

Should I Fund a Roth or a Traditional Account?

Should I Fund a Roth or a Traditional Account?

As with many financial decisions, our gut feelings deceive us on this matter.

Read More...

Tax Alpha: How to Fix a Client Portfolio

Tax Alpha: How to Fix a Client Portfolio

Good financial planners can be worth their weight in gold in helping clients build a tax-efficient portfolio.

Read More...

Can I Contribute to a Roth IRA?

Fountain in Springtime

How do you know if you can contribute to a Roth IRA? See this flowchart for answers.

Read More...

Mailbag: Is There An Advantage For Me To Do A Roth Conversion?

Is There An Advantage For Me To Do A Roth Conversion?

My wife and I are 65 years old and I am newly retired. Is there any advantage in doing a Roth conversion this year?

Read More...

Will Roth Conversion Affect My Estimated Tax Payments?

Will Roth Conversion Affect My Estimated Tax Payments?

Roth conversions are a great way to save money and if you have a good financial planner, they need not be a headache.

Read More...

2015 IRA and Roth Contribution Limits

Retirement Plan Contrib Income Limits 2015_t

Here are the 2015 contribution limits and income phaseouts for contributions to Traditional IRAs and Roth IRAs for retirement saving planning.

Read More...

AAII 2014

David John Marotta presenting

The articles associated with David John Marotta’s presentation at the DC Metro chapter of the American Association of Individual Investors.

Read More...

How to Open a Roth for Your Child

Open a Roth for Your Child

Someone has to be proactive about your child’s retirement and every year you don’t open a retirement account is another year you’re holding back compound interest.

Read More...

Mailbag: Can I Roll My IRA Into A REIT Tax-Free?

Can I Roll My IRA Into A REIT Tax-Free?

A reader asks, “My wife has a $250K SEP IRA earning 1.5% interest. Can we use any of the funds for real-estate investments?”

Read More...

Taxes on Non-Deductible IRA Contributions

Coffee and Cream

“Once you put cream in the coffee, all coffee removed from the cup is partly cream and partly coffee.”

Read More...

Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

Read More...

Roth IRA Conversions and Roth Segregation Strategies

Roth Segregation Accounts

Roth accounts have several advantages over traditional retirement accounts.

Read More...

Every Business Should Start a 401(k)

Small business owners

The president’s hope to restrict the plans should actually make owners more interested in creating one.

Read More...

At Least 65% Of Workers Fail To Save Our Recommended 15% For Retirement

Bag Lady

The study shows that 21 percent have saved nothing for retirement.

Read More...

How To Report Backdoor Roth In TurboTax

Turbo Tax Backdoor Roth

How to report a backdoor Roth in Turbo Tax.

Read More...

Obama’s myRA Plan Violates Multiple ERISA Laws

Go to jail

Willful violations of ERISA legislation carry criminal penalties of up to a year in prison for the plan sponsor and a fine of up to $100,000 for the corporation.

Read More...

Opening A Brokerage Account

Stone grid

Opening an account is the first step in getting started in investing.

Read More...

Retirement Plan Asset Allocation: University of Virginia Case Study

uva wise owl

Many people lack the time and expertise to develop an intelligent retirement asset allocation plan.

Read More...

UVA Tax-Deferred Retirement Plan Asset Allocation Tools

uva wise owl

We have created several asset allocation tools to aid those seeking an intelligently diversified portfolio.

Read More...

2013 IRA & Roth Contribution Limits

Retirement plan contrib limits 2013

There’s still time to make sure you’ve maxed out your retirement contributions — your future self will thank you.

Read More...

If Tiger Woods Can Contribute To A Roth, So Can You – Via Back Door

backdoor roth

A backdoor Roth IRA contribution requires some extra steps but allows high-income earners equal access to the tax-free benefits of a Roth IRA.

Read More...

How to Calculate An Advisor’s Value: Tax Efficiency

Chess White Pawn

A dollar saved on your taxes is better than a dollar earned which causes you to pay more tax.

Read More...

Is The Optimum Level Of Annuity Ownership Negative?

Sailboat to Money Island

Does it actually make sense that people should buy annuities as much as conventional wisdom says?

Read More...

How quickly should 401(k) deposits be remitted? ($ ?s)

$ Questions

As the payroll processor at our company, how quickly do I need to deposit 401(k) contributions into employee accounts? -Sincerely, Payroll Pam

Read More...

Is Your 401(k) Plan Secure?

raccoon stealing

Money deducted from your paycheck for retirement typically gets deposited quickly into your 401(k) plan. But this isn’t always the case.

Read More...

IRA Cap Gives Rise to New Funding Strategies

Be Outraged And Fund Your Roth

President’s proposal comes with silver linings for shrewd advisors

Read More...

Is A $3 Million IRA Sufficient For Retirement?

Five Presidents

$3 million today has the same buying power as $500,000 in 1970.

Read More...

More Than 25% of Americans Are Making a Financial Mistake

A Waste of Money

If you look beyond the short term, making this move is pretty clearly worse than using a high-interest credit card to pay your bills.

Read More...

Naming A Foreign 401(k) Beneficiary? ($ ?s)

$ Questions

You should have no problem naming your nephew as your beneficiary, but accessing the money from India after your death is more complicated.

Read More...

Financially Savvy Kittens on Retirement Plans

Financially Savvy Kittens on Retirement Planning

These kittens have retirement plans. Be more like these kittens.

Read More...

Three steps to find a missing 401(k) ($ ?s)

$ Questions

Literally tens of thousands of employees who were once participants in an employer-sponsored retirement plan (i.e., 401(k) plan, profit-sharing plan) neglect to take their retirement money with them.

Read More...

Is Your 401(k) Holding Too Much Company Stock?

company stock_t

Following the holiday season, many will feel the effects of overindulging on festive sweets. It turns out that your 401(k) also suffers when indulging on too much of a good thing.

Read More...

Last Chance for a Roth Conversion during 2012

Last Chance for a Roth Conversion 2012

While Roth conversions will be advantageous for some next year, they are advantageous for nearly everyone in 2012.

Read More...

Contributing to Multiple Retirement Plans ($ ?s)

$ Questions

This article reviews the coordination rules which govern the maximum contributions to 457, 401(k) and Thrift Savings Plan. Information on 403(b) plan maximums is also included.

Read More...

New 401(k) and IRA Limits for 2013

uncle sam_t

It’s time to consider adjusting your retirement savings. The Internal Revenue Service recently issued a variety of inflation adjustments for 2013, and retirement savers can now save even more.

Read More...

IRS Notice of Proposed Adjustment for Underpayment/Overpayment (CP2000) for 2010 Roth Recharacterization

IRS CP2000 Notice

Currently the IRS is sending notices to anyone who did a Roth Recharacterization in 2010 asking them to pay as though they kept the entire conversion amount.

Read More...

$ ?s: 72(t) and other Early Retirement Distribution Options

72t_t

There is a separate set of rules for those under age 55 or who are looking to distribute from an IRA. These rules focus on an exception called Substantially Equal Periodic Payments (SEPPs).

Read More...

Three Questions to Ask Before Establishing a New Company Retirement Plan

401k questions_t

Here are three questions that every small business owner should answer before establishing a new retirement plan.

Read More...

The IRA Charitable Donation in 2012

Gift

The tax code provision that allowed IRA owners to contribute up to $100,000 directly from their IRA to the qualified charity of their choice–without recognizing the donation as income–expired at the end of 2011, but what if it is reinstated?

Read More...

Mailbag: I’d like to withdraw money from my IRA to purchase physical silver.

1000oz Silver Bar

Precious metals will, on average, just keep up with inflation, but your after tax return would mean you fell behind inflation by the 28% tax you must pay.

Read More...

$ ?s: Roth or Pre-Tax 401(k)?

$ Questions

Here is the only question you should attempt to answer: Are you paying a higher tax rate now or later?

Read More...

Mailbag: How should I invest a Roth IRA that my children will inherit?

Treasure Chest Opening

Should it be invested aggressively, like 100% equities, or use the same split as my taxable investments, such as 50-50 stocks vs bonds?

Read More...

Tax Planning from the 2012 January / February issue of Planning Perspectives

NAPFA Planning Perspectives Jan-Feb 2012

“How can you respond if these new taxes are enacted? One option is to do a Roth conversion so that you can pay taxes now for those retirement funds.”

Read More...