Q&A: Can I Convert an Inherited IRA to Roth?
Roth conversions can only be performed during the IRA owner’s lifetime.
Roth conversions can only be performed during the IRA owner’s lifetime.
We have an almost secret code behind the images we select.
“Parental Reminder #42” reminds us that goodness is something bigger than we can articulate but, even though we cannot express it fully, it is very important.
Consumers often presume that an advisor associated with a large commission-based brokerage firm will have a team of managers supervising their advisor. This is a misconception.
Regardless of the usefulness of their questions or their website, I enjoy answering every set of advisor questions I find.
Rekenthaler’s proposed narrowing of choices to a one-size fits all national solution provides a poor substitution for our current choices.
Individuals with more than $5M may be served well from gifting to utilize the higher estate exclusions before they sunset.
The SEC should scale back their data collection.
Identical firms answer questions like these differently making the resulting data meaningless and useless. If anyone wants to use this data, the SEC will need to standardize answers first. If no one wants to use this data, we should eliminate the burden of providing it.
On Tuesday, June 9, 2020, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about the markets.
This latest notice now gives both seniors and heirs who have not yet been able to put their formerly RMD funds back into their IRAs the chance of redistributing those funds to the IRA that distributed them.
If you want to open a Scwhab account to be hand-traded by Marotta, then one option for opening that account is to use Schwab.com’s online account open.
As part of the requirements, the SEC wrote passages which must be included verbatim in each relationship summary. Some of that required text are so-called conversation starter questions.
Hopefully, this extension helps some take advantage of this welcome relief.
If you have an accepting employer plan, you could consider rolling the pre-tax funds into your 401(k) this year while converting your nondeductible basis cleanly to a Roth IRA.
Don’t let your political emotions cause you to be fearful about the economy. Those misplaced fears may impoverish your financial well-being.
The space of disagreement between tolerance and intolerance is often lost in the socialist perspective.
Incentives matter. If you are going to get a financial advisor, select a fee-only advisor who you can trust.
The SECURE Act was merged into the 2020 budget bill which is now law.
There are several ways that I see my faith influence my work.
Most professions do not know the exact day they were conceived. However, on December 12, 1969, financial planning was created and today in 2019, the profession turns 50 years old.
Our first step is not “closing our eyes and imaging it.” We need our eyes wide open analyzing each idea for its own individual costs and benefits.
This pitch is made by Bill Shaw of Stansberry Research, the same group that brought you the perennial “Reclusive Millionaire Warns” spam article. Don’t be gullible.
Nice is different from good. You want a good financial planner not just a nice one.
I cannot imagine any consumer who, if they understood how such a select list of advisers was actually compiled, would use this list. Why limit yourself only to firms willing to pay a referral service to endorse them?
In reality, all three “myths” are cause for real concern about SRI, ESG, and other so-called impact investing.
If a portion of your charitable gift is nondeductible, then no portion of the gift can be counted as a Qualified Charitable Distribution. But there is one accepted loophole for QCDs.
This June, the IRS came out with their final ruling on how charitable gifts to receive state tax credits will be handled. This is how the strategy works now.
The appeal to the Nordic countries from socialists is a false one. Iceland, Denmark, Sweden, Finland, and Norway are examples of market economies, not socialism.
Rumors suggest that the network’s vetting is a five minute process where you are told the fees are about $1,000 a month.
The unpleasant reality is that socialism quickly turns to the use of force to bring about their vision of society.
The title is “Reclusive Millionaire Warns: ‘Get Out of Cash Now.’ ” Assuming you take the bait, the article and accompanying video uses all the psychological tricks. It takes a long time before what they are selling is revealed.
I must say that homeschooling was by far my best education experience.
A closer look at the U.S. Code reveals a bit of uncertainty but a lot of promise.
Although the NPR commentators suggest that the corporate heart is growing fonder of government, feeling wistful, and longing for government bureaucracy, nothing could be further from the truth.
Student loan forgiveness is normally taxable and reported to the IRS on a 1099-C, but there are big exceptions.
The dark side argues that without commission-based sales people, low and middle income consumers will not have access to a financial advisor. They are wrong.
Since only a small portion of stock is traded each day, a large majority of shareholders prioritize the long term appreciation of the value of the company.
The regulation is an attempt to protect participants who don’t understand the rules set up by the government.
This is called “regulatory capture” and is quite common in government regulatory agencies such as the SEC.
Are you consenting to harmful conduct by your financial advisor?
That the program failed is not a surprise. That the government decided to close a failed program, however, is.
Who would ever want unplanned and unintentional financial advice?
For a currency intended to make money simple and easy, IRS regulations make it a nightmare of compliance issues.
New proposed legislation cuts the benefit of donating to charity and receiving tax credits in return.
We believe following our eight principles to safeguard your money provides a better safeguard than checking for past violations.
In 2003, the Goldman Sachs Global Economics Department predicted the economic and geopolitical influence of Brazil, Russia, India and China (the BRIC countries) would become increasingly visible in the developed world. We revisit those countries here.
You deserve advice from a firm where you don’t have to second guess where their loyalties lie.
I couldn’t be prouder to be a NAPFA-Registered Financial Advisor.
A reader asks, “As her descendant and agent following the rules as written, it is my understanding that I could gift myself $14,000 each year. But can I really?”