Tax Rates and IRA Conversions
When making a tax decision on converting a traditional IRA to a Roth IRA you should consider your personal income tax situation: will your tax rate be the same, lower or higher in the future?
Money
Explore comprehensive resources to master money management, including budgeting tips, saving strategies, and investment advice. Learn to manage debt, build credit, and plan for retirement with expert guidance. Utilize tools like financial calculators and budgeting apps to stay on track. Empower yourself with knowledge on personal finance to secure a stable and prosperous future.
Featured Articles
Fighting Age with an IRA
Every now and then, a situation comes along that allows a taxpayer to benefit from an obscure, little known tax provision. Such was the case of "Archie" when he inherited his nephew's IRA.
The Use of Life Insurance to Protect IRA Assets
Life insurance may perhaps be not only the single biggest benefit in the tax code, but also the most cost-effective way to protect a large IRA. If set up correctly, life insurance proceeds could come into the estate sans estate and income tax.
Gain Control of Your 401(k)
If you are age 59 ½ and still working you may have an option of taking money out of your 401(k) plan without penalty and income tax and put it into an IRA rollover.
Inheriting an IRA from a Spouse
You've inherited an IRA from your spouse. What do you do now? Should you leave it as an inherited IRA or should you move it into an IRA in your own name?
Roth IRA Losses
If you have lost money in your Roth IRA, you are not alone. If your Roth IRA loses money shortly after you converted from a traditional IRA, your best choice may be to undo the conversion.
The Four Stages of Retirement
When planning to retire, it helps to understand that retirement is divided into distinct phases, each having changing issues, demands, and expectations on the part of retirees and their families. Professional guidance can help with all the transitions.
It's Not Their Inheritance...Yet!
Difficult as it may be, seniors may have to defend their rights, shield themselves, or ask for help in the protection of their objectives and needs. Having outside experts representing them can be very beneficial and well worth the cost and time.
Home sales make biggest monthly jump in nearly eight years
Pending U.S. home sales in April posted the biggest monthly jump in since 2001, a sign that home sales are finally coming to life.
