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roth IRA

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, [...]


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 [...]


To get the 401k maximum balance you must have the right asset allocation. Asset allocation is the process of diversifying your positions across asset sectors and styles. A common mistake is for consumers to think of their 401K as a separate portfolio. Not so! When doing an asset allocation you need to consider all your [...]


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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