Rethink Your Money
The Word That Defined Our Wealth Journey in 2023
…all of those companies simultaneously go bankrupt. If that occurs, you have way bigger problems than the fact that your IRA balance has collapsed. The world is over. We’re eating…
Search Results for: roth ira
Rethink Your Money
A Simple Wealth Strategy for a Complex World
…starting here this year in 2024, you can roll the balance into a Roth IRA on behalf of your child subject to a $35,000 lifetime limit for the beneficiary. A…
Down the Middle
A Book for Everyone
…accounts, think about tax diversification. If your employer offers both a tax-deductible 401K and a Roth 401(k), or you’re eligible for both a traditional and a Roth IRA, the best…
Rethink Your Money
All-or-Nothing Thinking Can Derail Your Retirement
…don’t have a company plan, maybe your Roth IRA if you’re under those income limits, and if you’re a high income earner, say over $370,000, married or over 180, $190,000,…
Financial Planning
5 Financial Horror Stories
…maximizing retirement plan and health savings account contributions. Taxes are just as important in retirement. Consider strategies such as Roth conversions, tax-efficient withdrawals, spending down wisely, and Social Security/Medicare optimization….
Taxes
Qualified Replacement Property as a Tax Planning Strategy
How 1042 Transactions Work A 1042 exchange, also referred to as a “qualified replacement property” (QRP) exchange, is a tax planning strategy available to certain shareholders who wish to defer…
Investing
Risky Business: Five Investment Risks of 2021
…market froth may be entertaining, but investing isn’t meant to be entertaining. The only excitement should come decades down the road, when we glance at our account statement and see…
Financial Planning
UPA 2023 Financial Considerations for United Airlines Pilots
…to shelter more pre-tax dollars in qualified accounts by forcing catch-up contributions in 2026 to be made to Roth accounts only, finding ways to reduce your tax burden annually is…
Taxes
Qualified Small Business Stock Has a Unique Tax Opportunity
What You Need to Know About the 1202 Exclusion If you’re a business owner who recently sold some or all of your company stock, you may be eligible for an…
Rethink Your Money
Burned by Do-It-Yourself Investing?
…they don’t know the difference between a Roth IRA and a traditional IRA. They don’t know the difference between an ETF and a mutual fund. They barely know the difference…
