by Kenny | Dec 10, 2020 | Uncategorized
By Sarah Brenner, JD Director of Retirement Education Question: I am 79 and still employed. My employer has an SEP for me and I have a Rollover IRA from a previous employer. Can I transfer my Rollover IRA to the SEP account? Thank you, George Answer: Hi George, There... by Kenny | Dec 9, 2020 | Uncategorized
By Ian Berger, JD IRA Analyst Thinking of using your IRA as a “short-term loan” to raise some extra cash for the holidays? What could go wrong? Well, actually, two major things could go wrong. And either could lead to serious tax headaches. Let’s say Chloe started... by Kenny | Dec 7, 2020 | Uncategorized
Weekly Market Commentary 12/4/2020 -Darren Leavitt, CFA US equity markets hit another set of all-time highs last week. Positive price momentum carried over from a strong November into the start of December, and more positive news on Covid-19 vaccines coupled with the... by Kenny | Dec 7, 2020 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Recently we became aware of a multi-layered tax strategy that we think is a bridge too far when it comes to Coronavirus-related distributions (CRDs). In fact, it may even be outright tax fraud. As most readers are aware, the CARES... by Kenny | Dec 3, 2020 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Question: My father passed away in 2019 and left me an IRA. Will the SECURE Act apply, or will it be grandfathered under the pre-2020 rules? Thank you. Aram Answer: Aram, Since your father passed away in 2019, we will default to... by Kenny | Dec 2, 2020 | Uncategorized
By Sarah Brenner, JD Director of Retirement Education The clock is ticking if you are considering converting your Traditional IRA to a Roth IRA in 2020. More IRA owners are making this move this year as historically low tax rates and COVID-related income losses have...