Jul 18, 2020 | Retirement, Roth IRA
Q: A friend of mine says that if you withdraw money from a Roth IRA within five years of putting it in, you’ll pay tax and a penalty. I started my Roth in 2018 when I turned 30 and thought I could get the $11,500 I have put in over the last two years out at any time...
Apr 17, 2020 | IRA, Roth IRA, Self Directed IRA
The financial fallout from the COVID-19 crisis might create a once-in-a-lifetime opportunity to do Roth conversions at an affordable tax cost and gain some insurance against future tax rate increases. In this column, I’ll explain why I say that. But first some...
May 26, 2018 | IRA, Roth IRA
Clients often consider whether it’s wise to convert their individual retirement accounts to Roth IRAs. There are pros and cons to doing so. But, for some clients, the Tax Cuts and Jobs Act of 2017 may tip the scales in favor of converting substantial amounts now....
Apr 8, 2017 | Retirement, Roth IRA, Self Directed IRA
Ed. Note: This article first appeared in CNBC The April 18 tax-filing deadline is looming, and many corporate executives, attorneys and other professionals earning high salaries are seeking to save more money and cut their taxes. There is a great strategy that they...
Mar 29, 2017 | IRA, Retirement, Roth IRA, Self Directed IRA
So you’ve inherited your spouse’s IRA. What you do now could have far-reaching tax implications. The one thing you cannot do is sit on your hands. Why? Because if you fail to withdraw at least the required minimum amount from your inherited IRA, you will be charged a...
Sep 21, 2016 | Roth IRA, Self Directed IRA
If you’ve been considering a Roth IRA as part of your retirement investment portfolio, now’s the time to start one. With tax-free growth and tax-free withdrawal opportunities, Roth IRAs provide the investment flexibility to help you achieve both retirement goals and...
