by Kenny | Dec 17, 2020 | Uncategorized
By Ian Berger, JD IRA Analyst Question: Hello, Can you still recharacterize a Roth contribution (due to income limits) to a Traditional IRA and then subsequently convert the IRA back to a Roth in the same year? Will this conflict with the new law that prohibits... by Kenny | Dec 16, 2020 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Bob is 40 years old. He is a single tax filer, participates in a 401(k) at work, and makes a healthy annual salary of $160,000. Bob has consistently contributed $5,000 each year to his Traditional IRA for 5 years ($25,000 total).... by Kenny | Dec 14, 2020 | Uncategorized
By Sarah Brenner, JD Director of Retirement Education The end of 2020 is almost here. With the end of the year come certain retirement account deadlines. Here are 5 items you should have on your 2020 year-end retirement plan to-do list: 1. Do a 2020 conversion If you... by Kenny | Dec 14, 2020 | Uncategorized
Weekly Market Commentary 12/11/2020 -Darren Leavitt, CFA Market action was mixed for the week. Hope for another tranche of stimulus and positive news on a coronavirus vaccine’s progress aided market sentiment early in the week. However, COVID-19 infection... 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...