Getting Your Financial Ducks In A Row Rotating Header Image


More reasons to keep on rolling (to an IRA, that is)

There are reasons in favor of rollover of 401(k) & reasons against. Here are a few reasons in favor of rollover that you might not think of.

Tax Diversification for Investments

Reviewing the benefits of tax diversification among your retirement and other investment accounts. Timing along with your lifetime taxation.

IRA Investment Planning for Taxation

The question often comes up – what types of investments are best for my IRA? Of course, any investment that you make in a tax-deferred fashion is a good one, at least in theory. But there are some investments that make the most sense for your IRA versus other vehicles… and some investments that make more sense in other kinds of investment accounts, where possible. Listed below are a couple of considerations to take into account when considering taxation of your IRA and non-IRA investments. Bonds and other interest-bearing vehicles Given the nature of the IRA – deferring taxation on current income and growth, investments that would otherwise be taxed at ordinary income tax rates would be best for your IRA. This includes the likes of interest-bearing investments, such as CDs or bonds. Since, presumably, your tax rate when you begin taking distributions will be either the same or less […]

A Cash Flow Dilemma – Should I take distributions from my IRA or from my taxable account?

If you have an IRA and a taxable account and can afford to take funds from either but don’t need all of both, how should you prioritize?

When a 60-day Rollover is Not a 60-day Rollover

Review of a PLR that provides relief for a taxpayer who did not complete a rollover within the required 60 days.

Staging Your Roth IRA Conversion

You can benefit in the long run by staging your Roth IRA conversions. This can reduce taxes and potentially eliminate RMDs.

A Good Reason to Not Convert to Roth

Another facet that you might want to think about as you consider whether to convert traditional IRA monies to Roth IRA.

Determining Your MAGI

Do you know how to calculate your MAGI (Modified Adjusted Gross Income)? It’s important to know when you’re contributing to an IRA.

IRA Cross Loans – Don’t Even Think About It

Don’t attempt to go around the prohibited transaction rules by using cross loans with your IRA. It won’t turn out well.

IRA Charitable Distributions – If You’re Less Than Age 70½

Can you make IRA charitable distributions before age 70½? What are the tax consequences for doing this? How does it all work?

Prohibited Transactions and Disqualified Persons

There’s a fine line when transacting business with individuals using your IRA. You need to make sure they’re not prohibited transactions.

Wash Sale Rules and IRAs

Do you know how the wash sale rule applies to IRAs? You need to be careful about what you’re doing when harvesting tax losses.

Wash Sale Rules

If you sell an investment at a loss, you need to be careful about how you re-invest the money so that you can avoid the wash sale rules.

Are You Really Diversified?

You may not be as diversified as you think. Learn more about correlation among various asset classes and how you can use this to your benefit

Social Security vs. Saving

Examining Social Security versus saving – a hypothetical exercise, answering if we’re better off with Social Security or saving the money.