April 2, 2018

What is an IRA Rollover?

The average American switches jobs 9 times in their career. For those who have saved money in their employer’s 401k, there a few options when they leave. The most popular is called an IRA rollover. This is a process where the employee simply tra...

For a vehicle with an annual contribution limit of just $5,500 ($6,500 for those over 50), investors sure have a lot riding on IRAs. Assets across all IRA accounts topped $8.4 trillion in 2017, making the vehicle the top receptacle for retirement assets in the U.S., ac...

Here’s a way to boost your last-gasp deduction for state taxes.

Do you have a big IRA? And live in a soak-the-rich state? Run, don’t walk, to your accountant. You’ve got two weeks left to do a Roth conversion that just might save you a bundle.

The pending tax legislation...

The U.S. Treasury announced today that it’s closing the Obama-era myRA program, saying that the private sector has decent solutions after all. The myRA program—essentially a starter Roth Individual Retirement Account—was touted as a way to get more Americans saving whe...

Many Americans fared poorly in a retirement literacy survey conducted by the American College of Financial Services, according to an article from the Chicago Tribune. Only 38% of the participants were aware that the maximum sustainable withdrawal rate is 4% for a nest...

Trusts and individual retirement accounts are complicated. When they converge — for instance, when someone names a trust as a beneficiary to an IRA — things can go very wrong, and that can be very expensive.

“Trusts as beneficiaries of IRAs can be very complicated. If i...

Stretching an individual retirement account refers to the practice of sustaining the tax-deferred status of an inherited IRA for as long as possible when the beneficiary is someone other than a spouse (typically, a child or children). The ability to stretch an inherite...

Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report.

That includes a $224 tr...

One of the key pieces to retirement planning is understanding when and how much you can withdraw from your account.

Your individual retirement account comes with rules about when you can withdraw money and how much you must withdraw each year.

Understanding IRA with...

This article is intended for you to share with your young clients to help them see the long-term financial picture for American workers. It could be titled “This Is Your Life,” and it goes like this …

  • You start working at age 25 making $35,000. (Hopefully, you will...

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