Ira

How often do you take distributions from your IRA / 401K?

Apr 26 2024

Spouse (62) is cutting back to part time soon and will still have health insurance. We're going to start taking distributions from one of the 401Ks to make up for the loss of income. (Funny thing is s...

reddit.com

3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA

Apr 24 2024

The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance....

forbes.com

Mistakes

Surprising Facts To Know About IRA Conversions

Apr 18 2024

Widespread misconceptions and misinformation keep more people from seriously considering IRA conversions....

forbes.com

Charitable Remainder Trust: The Stretch IRA Alternative

Apr 17 2024

The SECURE Act killed the stretch IRA, but a properly constructed charitable remainder trust can deliver similar benefits, with some caveats....

kiplinger.com

Charity

Split-Year Backdoor Roth IRA in FreeTaxUSA, 2nd Year

Apr 14 2024

The previous postSplit-Year Backdoor Roth IRA in FreeTaxUSA, 1st Yeardealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth IRA contributi...

thefinancebuff.com

Boost IRA Retirement Contributions by the April 15 Deadline

Apr 11 2024

April 15 is usually the last day to make 2023 contributions to an IRA. Find out how Robinhood can help investors with a 3% match with Robinhood Gold....

kiplinger.com

Split-Year Backdoor Roth IRA in FreeTaxUSA, 1st Year

Apr 09 2024

The best way to do abackdoor Rothis to do it “clean” by contributing *for* and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...

thefinancebuff.com

Split-Year Backdoor Roth IRA in H&R Block, 2nd Year

Apr 07 2024

The previous postSplit-Year Backdoor Roth in H&R Block, 1st Yeardealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth IRA contributio...

thefinancebuff.com

Split-Year Backdoor Roth IRA in H&R Block, 1st Year

Apr 07 2024

The best way to do a backdoor Roth is to do it “clean” by contributing for and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...

thefinancebuff.com

Have You Reached 59½? Time to Rethink Your 401(k) Options

Apr 05 2024

A rollover IRA might be in order to help protect your retirement savings from potential (and potentially disastrous) market downturns....

kiplinger.com

Savings

One Way to Use IRA Funds to Invest in Your Business

Apr 01 2024

Photo credit: jb As you know, it is against all the rules to use your IRA to invest in anything which benefits you or a related party. This is one quick way to get your entire IRA disqualified, quite ...

financialducksinarow.com

Investing

How to Buy Gold in an IRA

Mar 29 2024

Here's everything you need to know about how to buy precious metals in self-directed IRA....

money.com

How To

Listener Q&A: Lowering Taxes with IRA Conversions, Understanding RMDs & Gifting Strategies

Mar 27 2024

Check out the latest podcast episode on retirement planning and Social Security by listening on “Apple Podcasts” or “Spotify Podcasts” and watch more retirement planning videos...

keilfp.com

Rmds

Here's How the Procrastination Penalty Could Cost Retirees

Mar 25 2024

Don't overlook the hidden cost of last-minute IRA contributions....

money.usnews.com

Should I invest in Traditional IRA or only Taxable Brokerage Account?

Mar 17 2024

Hi - tax time coming up and I have until April 15th to decide to put a lump sum into a traditional IRA for 2023. I make too much to reap any tax benefits, but isn’t the fact that this grows tax ...

reddit.com

Investing

How To Cut Your Taxes By Putting The Right Assets In Your IRA

Mar 16 2024

Optimum location for assets: IRA, Roth IRA, taxable account...

forbes.com

How To

How do you manage withdrawals from your IRA in retirement?

Mar 15 2024

I've read that it's recommended to pull out 4-6% annually from one's IRA to subsidize retirement income. Assuming 6% withdrawal per year at my current value, that nets me an additional $1000 per month...

reddit.com

Withdrawals

How Much Should You Convert to Roth IRA? - 471

Mar 06 2024

Big Tex, Paul in Maryland, and Nick in Alabama all need to know how much money they should convert to Roth to pay as little tax as possible, today on Your Money, Your Wealth® podcast 471 with Joe ...

purefinancial.com

How Much

?? Taking money out of 401(k) plan/IRA to tide you over comes at a cost (AARP Article)

Mar 01 2024

401(k) hardship withdrawals are on the rise, but NEW employer emergency savings accounts could help stem tide. By Tamara E. Holmes. Published February 28, 2024. https://www.aarp.org/retirement/plannin...

community.aarp.org

Know How To Make A Tax-Free Rollover From 529 Plan To A Roth IRA

Feb 20 2024

A recent law allows tax-free rollovers from 529 plans to Roth IRAs, but there are hurdles to be cleared....

forbes.com

Is there a tax “time bomb” hiding in your IRA & 401K?

Feb 13 2024

The U.S. government has made it easy for you to save for retirement in a traditional IRA or 401K. But there’s a hidden risk that most people don’t see until it’s too late. Putting mo...

bossretirement.com

IRA/ 401K Withdrawal 4% rule-of-thumb

Feb 12 2024

There is a common rule-of thumb that 4% can be withdrawn from a IRA or 401K account each year in retirement, and the balance of the account should not go down. What would be the reasons for a retired ...

reddit.com

Withdrawals

Is A Roth IRA Better Than A 529 Plan?

Feb 05 2024

Are you a parent looking for the best way to build a savings account for your child? Here’s a common question many seek the answer to....

forbes.com

10 Reasons to Save for Retirement in a Roth IRA

Jan 31 2024

Roth IRAs give you a tax-free source of retirement income....

money.usnews.com

Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207

Jan 29 2024

If you have rollover IRA accounts and want to make a backdoor Roth IRA contribution, this episode is for you. There are several steps involved to handle this strategy in the right way including unders...

financialsymmetry.com

When do you stop investing in a 401k or IRA?

Jan 27 2024

I've taken all my 401k and rolled it over into an IRA in Vanguard. Now Vanguard is suggesting I contribute to an IRA. Is that a good idea? Will it reduce my taxes or income? I don't expect I'll need a...

reddit.com

Investing

Here Are 6 IRA Moves To Take In 2024 That You Should Review Now

Jan 25 2024

Waiting until near the end of the year to consider your IRA strategies can cost you a lot of money....

forbes.com

6 IRA Moves To Take During 2024

Jan 24 2024

Waiting until near the end of the year to consider your IRA strategies can cost you a lot of money....

forbes.com

The 529 to Roth IRA Rollover (Including for Yourself)

Jan 21 2024

[Editor's Note: If you’re looking to take immediate steps to increase your income that will continue you on the path toward financial security, enrollment is now open for Expert Witness Startup ...

whitecoatinvestor.com

Auto-IRA Programs Encourage Firms to Establish Their Own Plans

Jan 17 2024

The Pew Charitable Trusts recently reported that retirement assets in active auto-IRA programs have reached $1 billion. Auto-IRAs, which began in 2017 when Oregon launched its OregonSaves program, now...

crr.bc.edu

How a Spouse Can Stretch an Inherited IRA

Jan 15 2024

Photo credit: jb If you or someone you know has inherited an IRA from a spouse, there are several options available for handling the account. You could transfer the IRA to an inherited IRA, properly t...

financialducksinarow.com

Spouse

Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207

Jan 15 2024

As part of our efforts to bring you actionable strategies to help you reach your ideal retirement, we’re tackling a complex question today. The backdoor Roth strategy can be a way to increase yo...

financialsymmetry.libsyn.com

6 Strategies to a Roth IRA for High Income Earners

Jan 09 2024

High income earners may face limitations when contributing to a Roth IRA due to income restrictions. However, there are several strategies they can employ to maximize the benefits of a Roth IRA or fin...

commonfinancialsense.com

Income

The Backdoor Roth IRA When Life Is in Flux (and Why to Beware a Contribution in January)

Jan 08 2024

By Dr. Tyler Scott, WCI Columnist As the daylight fades ever earlier and the hushed softness of newly driven snow quiets the world around me, I, in only the second winter of my newly blossomed financi...

whitecoatinvestor.com

Funds in company 401(K) cannot be rolled over into Schwab IRA.

Jan 03 2024

Recently discussed consolidating my 401(K) into my IRA with my Schwab broker and was told the funds I hold are proprietary to my former employer and cannot be moved. Suggestion was to speak to 401(K) ...

reddit.com

Should I Withdraw from My IRA to Pay Off My Mortgage?

Dec 27 2023

One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So th...

rogerwhitney.libsyn.com

Withdrawals

Real Estate

deposit in a Roth or traditional IRA for F61yo

Dec 23 2023

My wife (who does not work, used to but not in the past 10 years) has a traditional IRA in addition to a Roth IRA. We are going to deposit $7500 for 2023 into one of these accounts and wondered which ...

reddit.com

What Is the Inherited IRA 10-Year Rule?

Dec 18 2023

Know what to expect if you inherit an IRA and how to establish a plan for taking distributions....

money.usnews.com

Am I Ok to retire at 67? Will I have to work? I live frugally.

Dec 14 2023

Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...

reddit.com

Required Minimum Distributions and the Successor Beneficiary

Dec 11 2023

Photo credit: diedoe If the beneficiary of an inherited IRA dies before exhausting the inherited IRA or qualified retirement plan (QRP) through distributions, how are the ongoing distributions to be h...

financialducksinarow.com

Inherited IRA Required Minimum Distributions (RMDs)

Dec 09 2023

By Dr. Jim Dahle, WCI Founder Inherited IRA rules changed a few years ago, but Congress and the IRS did a terrible job of really communicating all of the new rules that occurred as a result of the SEC...

whitecoatinvestor.com

Rmds

Tips for using a 'medical IRA' that offers triple the tax savings

Dec 08 2023

More working Americans have a health savings account, but many are not using them to their fullest potential....

financial-planning.com

Savings

Custodial Roth IRA: Is It Right For You?

Dec 05 2023

Custodial Roth IRAs have become popular for parents looking to help their children build their savings. These accounts offer a ... Read more...

physicianonfire.com

How I Failed and Then Mastered the Backdoor Roth IRA

Dec 05 2023

By Dr. Rikki Racela, WCI Columnist The founder of this website is often baffled by the amount of questions/grievances/headaches that WCI followers face when attempting the Backdoor Roth IRA. It seems ...

whitecoatinvestor.com

401(k)/IRA Holdings in 2022: An Update from the SCF

Dec 05 2023

Thebrief’skey findings are: The 2022Survey of Consumer Financesshows how 401(k)/IRA saving fared from 2019-2022. The answer is not obvious given all that went on: COVID, economic disruption, see...

crr.bc.edu

Is It Time To Convert Your IRA To A Roth?

Dec 03 2023

If you have a big wad in a pretax IRA, sit down with your accountant now....

forbes.com

Rosland Capital Gold IRA Review

Dec 03 2023

"When you pay someone for retirement advice, they must give you advice that’s in your best interest, not whether it gets them the best payday," Biden said....

money.com

Red Rock Secured Gold IRA Review

Dec 03 2023

Read Money's review of Red Rock Secured Gold IRA....

money.com

Roth 401(k) vs Roth IRA

Nov 28 2023

According to Becker’s Hospital Review, 74 percent of doctors are either corporate or hospital employees. As of a 2021 study, ... Read more...

physicianonfire.com