How Are Dividends on IRAs Taxed?

How Are Dividends on IRAs Taxed?

Growing Funds Faster Dividend-earning stocks and mutual funds can help your retirement portfolio grow more quickly, as long as you reinvest the dividends. But they can be a tax trap when you want to take the money out, especially if you invested your money in a...
Required Minimum Distributions Likely To Change

Required Minimum Distributions Likely To Change

The House of Representatives’ Ways and Means Committee has issued its report on “The Setting Every Community Up For Retirement Enhancement Act of 2019,” giving it the short title, The Secure Act.  The House has now passed the proposed legislation. The Senate hasn’t...
Will Tax Reform Cause a Roth Conversion Bonanza?

Will Tax Reform Cause a Roth Conversion Bonanza?

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....
Required Minimum Distributions Likely To Change

Roth IRA Conversions Under New Tax Law

Roth IRAs have two big tax advantages The two most-important Roth IRA tax advantages are: Tax-Free withdrawals Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too. What is a qualified...
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