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Roth IRA Rules

There is no hard rule about who is best served by converting to a Roth IRA since everyone’s individual’s financial, income tax and wealth situations are different. But here are 10 reasons why you would consider a conversion: 1. Taxpayers have special favorable tax attributes including a high basis ration, charitable deduction carry-forwards, investment tax credits, [...]


*Scared to open your 401K statement? *Don’t think you will ever recover from the losses? *Too many investment choices and don’t know how to evaluate? This ebook will help you open your statement, figure out your 401k contribution limits and gain confidence-knowing that your money is working for you- in your time frame, with your [...]


The Roth IRA is for wussies. Whoa! Every article under the sun is saying that the Roth IRA is the best thing since sliced bread to build wealth and I say no . Here’s why- in your do it yourself financial plan, you have to decrease taxes and keep up with inflation and you have to do that [...]


If you have an IRA you probably know about the concept of a Roth IRA conversion – where you  take distribution of a portion of your IRA and directly transfer that money into your a Roth IRA,  paying tax as you go.  Then the Roth IRA can continue to grow tax-free (as Roth IRAs do) and  you’ll [...]


Roth IRA Rules

by Fern LaRocca CFP®

in Roth IRA Rules

Listen to this interview I had with Curtis Smith CFP®, a fee-only Financial Advisor with Interactive  Capital Management to find out how a Roth IRA works and if it is right for you. RothIRA033010 What you will learn: What is a Roth IRA and how it differs from a traditional IRA The basic strategy of [...]

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Many people were not allowed to convert their IRAs to a Roth IRA due to the income limitations. That has changed due to the Pension Protections Act of 2006. Now everyone is eligible to convert their 401ks to IRAs and then to a Roth IRA or from an IRA to a Roth IRA. But should [...]


5 Tips on How to Manage Your Own 401K and Save on Financial Advisor Fees

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Don’t know if you should contribute to your 401K or not? You are not alone. Many people find the information overwhelming. Stop wondering if you can do better somewhere else. The 401K account is there to help you grow money that will supplement your social security. Take full advantage of it by following these five [...]

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