If your annual income falls somewhere between $50,000 and $200,000, chances are that more than half of your assets consist…
Tag: IRA
Think Before You Liquidate That IRA
One of the biggest problems faced in estate and trust administration is the liquidation of qualified assets, such as a…
Be aware of the details on required minimum distributions
It is important for taxpayers to be informed about required minimum distributions (RMDs) from IRAs so that they can plan accordingly for their retirement. In the current year, those persons age 70 ½ or older are required to take a…
Address these essential elements of retirement planning
During your retirement years, you may expect to receive Social Security payments. A few people may also receive payments from…
How net investment income can affect tax planning
There are two ways in which the 3.8 percent net investment income tax (NIIT) can have an impact on your…
Early retirees may need alternative withdrawal strategies
When withdrawing funds from individual retirement accounts, Roth IRAs and other such accounts, retirees may encounter inconveniences, taxes and penalties. However, proper planning may reduce or even eliminate such costs. There are techniques that retirees should use to withdraw funds…
What you should know about Roth accounts and retirement planning
Roth IRAs and Roth 401(k)s allow individuals to make tax-free withdrawals in retirement by saving after-tax dollars. Rather than getting a tax break for saving the money, as with a traditional retirement account, Roth accounts result in tax savings later…
What you should know about myRA accounts
MyRA accounts are a new type of government-backed starter retirement savings account, designed for people whose employers do not offer retirement accounts. As of now, anyone who has direct deposit for their paycheck can sign up and start saving. MyRA…
Diversify Retirement Savings Beyond Pensions
Workers with defined-contribution plans, such as 401(k)s and IRAs, know that the value of their retirement savings can fluctuate with the ups and downs of the economy. The markets tend to grow savings in the long run, but nothing is…
