Video: Roth Segregation Part 1: IRA Tax Law
A complex technique called “Roth segregation accounts” could earn your investments an extra 30% over the next two years.
A complex technique called “Roth segregation accounts” could earn your investments an extra 30% over the next two years.
A complex technique called “Roth segregation accounts” could earn your investments an extra 30% over the next two years.
A complex technique called “Roth segregation accounts” could earn your investments an extra 30% over the next two years.
A complex technique called “Roth segregation accounts” could earn your investments an extra 30% over the next two years.
Historically, income taxes have not been this low since 1931.
I have difficultly imagining a likely outcome where I would regret a Roth conversion.
In this way, those with inherited IRA distributions they would like to reverse or those with distributions no longer eligible for regular 60-day rollover contributions may be able to still complete either a Roth conversion or IRA redistribution with those assets.
These premium surcharges are typically unavoidable except for some planning a Roth Conversion.
“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.”
Individual retirement accounts (IRAs) are one of the most important account types, and understanding the difference between Roth and traditional contributions and withdrawals is foundational to tax planning.
Hopefully, you didn’t bother looking, and I can be the first to tell you.
After over a decade of broken promises and rising costs, our need for a more sustainable tax system is acutely felt.
A savings waterfall helps investors navigate the financial complexity available to them.
After over a decade of broken promises and rising costs, our need for a more sustainable healthcare system is acutely felt.
Twelve-month inflation for all items ending in September 2023 has been 4.1%, so the 2024 contribution limits increased significantly but less than last year.
We are very pleased to announce that Jacob Massanopoli is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!
Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.
We are very pleased to announce that Greg Vairo is our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management!
I am pleased to announce that our newest CERTIFIED FINANCIAL PLANNER™ (CFP®) professional at Marotta Wealth Management is me!
Here are some of the pros and cons of specific SEP IRA and individual 401(k) retirement account options available.
A savings waterfall is a tool to help investors prioritize savings goals and allocate funds appropriately.
Sophisticated tax planning can be effective at any age. However, with great complexity comes great opportunity.
To avoid getting issued an IRMAA, you can proactively tell the SSA of any changes your income has seen in the past two years using a “Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event” form.
Twelve-month inflation for all items ending in September 2022 has been 8.2%, so it is not surprising that the 2022 contribution limits have seen more increases than normal.
Marotta Wealth Management is an independent, fee-only, comprehensive wealth management firm offering a complete range of investment management and financial planning services for clients both locally in the Virginia area as well as across the country. Located two hours North … Read More
If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion can be anywhere from 0% to a maximum of 85% of your benefits.
On Tuesday, February 8, 2022, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about “The Failure of Government.”
A SEP-IRA can be opened any time before you file your tax return and you can make prior-year contributions at that time. In contrast, a solo-401(k) must be opened and contributed to before the year end to count for that tax year.
In this podcast, I discuss my recent article “Account Funding Priorities for 2022” and describe a savings waterfall for 2022. The idea is when new money flows your way, which one of these buckets is it going to land in?
To avoid getting issued an IRMAA, you can proactively tell the SSA of any changes your income has seen in the past two years using a “Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event” form.
Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.
The annual drag of taxable account taxation may seem like a small amount, but the effect over long periods of time such as 30 years is significant.
These complex formulas help decide when highly appreciated investments should be sold and the proceeds put in a different investment philosophy.
Like many new features on Schwab’s website, they must be used responsibly to not create problems.
In Publication 590B, the IRS gives an example to demonstrate how Roth distribution ordering works.
Jacob Massanopoli is a financial analyst for Marotta Wealth Management. He is part of our tax specialty team and helps create our customized Roth conversion recommendations for Comprehensive clients. He graduated from Virginia Tech and holds an Honors Scholar B.S. … Read More
Greg Vairo is a financial analyst for Marotta Wealth Management. He is part of our tax specialty team and helps create our customized Roth conversion recommendations for Comprehensive clients. He graduated from Virginia Tech Cum Laude and holds an Honors … Read More
The 2021 tax credit is worth $3,600 for children under age 6 and $3,000 for those under age 18. These rules apply to tax year 2021 only.
In Publication 590B, the IRS gives an example to demonstrate how Roth contribution basis works in a Roth IRA.
Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.
Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.
William Rice is a financial analyst for Marotta Wealth Management. He is part of our tax specialty team and helps create our customized Roth conversion recommendations for Comprehensive clients. William is a quintuple major from Liberty University, holding degrees in … Read More
Depending on your particular case and Social Security agent, you may get your surcharge waived, lowered, or upheld.
An important part of the family’s emergency plan is to make sure you have a plan for when the financial spouse can no longer serve the family in that way, either because they are no longer interested or because of their incapacity.
We have an almost secret code behind the images we select.
If you have a charity among your heirs, there is the possibility for tax savings.
“No decent planner would ever create a plan that didn’t account for frequent market drops.”
I’m turning 60 this week. Even though I plan on working as long as possible, this is an important check point.
Now non-nuclear family or friends who are more than 10 years younger than the decedent and in good health are never eligible for stretch provisions and must distribute the whole balance over 10 years.
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.