Ira

How To Cut Your Taxes By Putting The Right Assets In Your IRA

Optimum location for assets: IRA, Roth IRA, taxable account...

Know How To Make A Tax-Free Rollover From 529 Plan To A Roth IRA

A recent law allows tax-free rollovers from 529 plans to Roth IRAs, but there are hurdles to be cleared....

Is there a tax “time bomb” hiding in your IRA & 401K?

The U.S. government has made it easy for you to save for retirement in a traditional IRA or 401K. But there’s a hidden risk that most people don’t see until it’s too late. Putting mo...

Is A Roth IRA Better Than A 529 Plan?

Are you a parent looking for the best way to build a savings account for your child? Here’s a common question many seek the answer to....

Here Are 6 IRA Moves To Take In 2024 That You Should Review Now

Waiting until near the end of the year to consider your IRA strategies can cost you a lot of money....

6 IRA Moves To Take During 2024

Waiting until near the end of the year to consider your IRA strategies can cost you a lot of money....

The 529 to Roth IRA Rollover (Including for Yourself)

[Editor's Note: If you’re looking to take immediate steps to increase your income that will continue you on the path toward financial security, enrollment is now open for Expert Witness Startup ...

Auto-IRA Programs Encourage Firms to Establish Their Own Plans

The Pew Charitable Trusts recently reported that retirement assets in active auto-IRA programs have reached $1 billion. Auto-IRAs, which began in 2017 when Oregon launched its OregonSaves program, now...

How a Spouse Can Stretch an Inherited IRA

Photo credit: jb If you or someone you know has inherited an IRA from a spouse, there are several options available for handling the account. You could transfer the IRA to an inherited IRA, properly t...

6 Strategies to a Roth IRA for High Income Earners

High income earners may face limitations when contributing to a Roth IRA due to income restrictions. However, there are several strategies they can employ to maximize the benefits of a Roth IRA or fin...

The Backdoor Roth IRA When Life Is in Flux (and Why to Beware a Contribution in January)

By Dr. Tyler Scott, WCI Columnist As the daylight fades ever earlier and the hushed softness of newly driven snow quiets the world around me, I, in only the second winter of my newly blossomed financi...

Required Minimum Distributions and the Successor Beneficiary

Photo credit: diedoe If the beneficiary of an inherited IRA dies before exhausting the inherited IRA or qualified retirement plan (QRP) through distributions, how are the ongoing distributions to be h...

Inherited IRA Required Minimum Distributions (RMDs)

By Dr. Jim Dahle, WCI Founder Inherited IRA rules changed a few years ago, but Congress and the IRS did a terrible job of really communicating all of the new rules that occurred as a result of the SEC...

Tips for using a 'medical IRA' that offers triple the tax savings

More working Americans have a health savings account, but many are not using them to their fullest potential....

Custodial Roth IRA: Is It Right For You?

Custodial Roth IRAs have become popular for parents looking to help their children build their savings. These accounts offer a ... Read more...

How I Failed and Then Mastered the Backdoor Roth IRA

By Dr. Rikki Racela, WCI Columnist The founder of this website is often baffled by the amount of questions/grievances/headaches that WCI followers face when attempting the Backdoor Roth IRA. It seems ...

401(k)/IRA Holdings in 2022: An Update from the SCF

Thebrief’skey findings are: The 2022Survey of Consumer Financesshows how 401(k)/IRA saving fared from 2019-2022. The answer is not obvious given all that went on: COVID, economic disruption, see...

Is It Time To Convert Your IRA To A Roth?

If you have a big wad in a pretax IRA, sit down with your accountant now....

Rosland Capital Gold IRA Review

"When you pay someone for retirement advice, they must give you advice that’s in your best interest, not whether it gets them the best payday," Biden said....

Red Rock Secured Gold IRA Review

Read Money's review of Red Rock Secured Gold IRA....

Roth 401(k) vs Roth IRA

According to Becker’s Hospital Review, 74 percent of doctors are either corporate or hospital employees. As of a 2021 study, ... Read more...

The Legacy IRA: The New $50,000 QCD For IRAs

A new law increases tax-free ways to give from IRAs....

SEP-IRA vs. Solo 401(k)

By Dr. Jim Dahle, WCI Founder If you work as an independent contractor, meaning you get a Form 1099 each pay period instead of a W-2, you're responsible for your own benefits, including a retirement p...

6 IRA Actions To Consider Before December 31

Start these actions in motion before it's too late....

401(k), 403(b), And IRA Contribution Limits For 2024

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. In addition, the limit on annual con...

Why a Roth IRA Is a Bad Idea (Yes, You Can Lose Money)

Have you ever been swept up in the wave of unanimous praise for something, only to later discover that nearly ... Read more...

Roth 403b vs Roth IRA

As of areport in 2021, nearly 6 in 10 U.S. hospitals are nonprofit. If you’re one of the many workers ... Read more...

IRS increases 401(k) and IRA limits

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act....

5 Steps To Become A Roth IRA Millionaire

Take these 5 simple steps to become a Roth IRA millionaire. Given enough time anyone can become a ROTH IRA Millionaire....

SEP IRA vs Simple IRA: Which Retirement Plan Is Right for You?

SEP IRA and SIMPLE IRA are two popular employer-sponsored retirement plans for small business owners and self-employed individuals. Both of ... Read more...