Ed Slott & Company
Found in: Financial Planning
Hopefully, there is much in your life to give thanks for this year, but if you’re searching for a few additional reasons to be thankful, here are 5 favorable tax provisions you should be thankful for now...because they might not be around much longer.
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Ed Slott & Company
Found in: Financial Planning
There are many guesses to why people don’t save for retirement. (Hint: you need to!) If you or your financial advisor are spouting about any of these myths, you need to change your tune and proactively save for your future.
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Ed Slott & Company
Retirement nest eggs exist to help insure a comfortable financial retirement for their owners. Taking early withdrawals may put that in jeopardy. If you find yourself in this predicament, seek assistance from a qualified retirement plan advisor.
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Ed Slott & Company
Is including your grandchildren (or other minors) in your estate a potential part of your planning? If so, you’ll need to carefully evaluate your options when it comes to IRAs. Read on to find out two of the best options currently available.
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Ed Slott & Company
If you want to have a comfortable retirement you are going to have to be a disciplined saver and make good investment choices. The ideal investment strategy for retirement accounts is to find great performers and milk them for everything they are worth.
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Ed Slott & Company
Having to add an IRA withdrawal to your other income might push you into a higher income tax bracket. In some cases, a sufficiently large enough IRA withdrawal could result in full or partial loss of your home mortgage interest deduction.
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Ed Slott & Company
Found in: Financial Planning
Under federal bankruptcy law, all IRAs have a $1,000,000 exemption. In addition, funds from employer plans are 100% exempted, even if they were rolled over to an IRA. So, your IRA funds should be exempt, right? The answer is a definite maybe.
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Ed Slott & Company
Found in: Financial Planning
Like any other major financial decision, the question of whether to convert to a Roth IRA needs to be measured carefully and with all the facts. Only then can the best course of action be identified and implemented.
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Ed Slott & Company
Found in: Financial Planning
That's the question facing retirees. Should they keep their savings in a company retirement plan, move the cash into an IRA, or take the money and run? Each choice has significant implications for taxes, estate planning and investment growth.
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Ed Slott & Company
Found in: Financial Planning
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?
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