Rethink Your Money
Your Essential End-of-Year Financial Checklist
…be down the road, and then get those monies growing in a Roth IRA that if a few basic rules are followed are never taxed ever again. Oh, and pass…
…be down the road, and then get those monies growing in a Roth IRA that if a few basic rules are followed are never taxed ever again. Oh, and pass…
…a month going into her Roth account. Now in 2023, those contribution limits have gone up a little bit. So she can put about $540 a month in her Roth…
Traditional 401k or Roth 401k Calculator The decision to save in a traditional 401k versus a Roth 401k depends on a number of factors, including your current and expected tax…
…a Roth IRA conversion is right for you. And as I have been preaching week after week, all year long, the opportunities this year are unique, similar to harvesting, where…
…I can’t max out my 401k, but maybe I can throw a 500 bucks a month into an IRA or a ROTH. So that’s this person’s scenario, 500 a month…
…money from a traditional IRA to a Roth IRA. I’ve gone over this before, but if you have room and low brackets, take advantage of those today. If you’ve got…
…ahead. The 401k plan was adopted in 1978. Roth IRAs, not until 1997, named by the way after Senator William Roth who initiated the bill. Meanwhile, index funds, they were…
…mean you’ll hear that referred to as an inherited IRA beneficiary, stretch IRA. Megan: That’s exactly what I was going to say, mm-hmm. John: And it provided these… The younger…
…gains and ordinary income. Tax-deferred accounts – Withdrawals from traditional IRAs, 401(k)s, 403(b)s, 457 plans and other tax-deferred accounts are fully taxed as ordinary income. Tax-exempt accounts – Qualified distributions…