Reichenstein, WilliamJournal of Financial Planning
funding a Roth account could be a better strategy. If your employer offers the option and you haven't already maxed out your traditional 401(k), you can makeafter-tax contributions to a Roth 401(k)up to the $23,000 limit ($30,500 if age 50 or older), minus whatever you contributed...
Abstract Same-sex male couples who have a child through surrogacy usually have to choose an egg donor. It remains an open question as to which factors guide their decision-making towards finding the ‘right’ donor. Based on interviews that I conducted with gay couples from Germany, I argue ...
Roth vs. Traditional IRA Contributions: Which is Right for You? Good news: You don’t have to make IRA contributions for 2024 by the end of the year. You have untilApril 15, 2025, to contribute to your IRA for the 2024 tax year. This gives you extra time to consider ...
*Ways to generate tax-free retirement income that your accountant never mentions*► Is the Roth IRSA really an advantage?► How to Use 529 Pans - EVEN IN RETIREMENT!► The old standby - municipal bonds► Sell your house and pay $0 Capital Gains► How 85% of Retirees pay $0 tax...
maneuver for DIY retirement planners. It works just as well at the start of the year, but more people are interested in December. The move involves transferring retirement assets from a traditional IRA, 401(k), or other pre-tax account into a Roth IRA. Conversions incur a tax consequence…...
All things being equal, that can make a deduction in your last high-income year much more valuable. To take advantage of this, I often recommend folks front-load a donor-advised fund with as much as five or 10 years’ worth of annual giving while they’re still in a high tax bracket...
I have a very simple goal – I just want to make reasonably sized IRA withdrawals in a tax (and penalty) efficient way, from the smallest possible portion of our portfolio, without significant commitment or hassle. That is not difficult at all. ...
Retirement Retirement-plans Roth-iras 529 to Roth IRA: Should You Rollover Unused Funds Before Year-End? Want to boost your retirement savings before the year is over? You can roll over unused funds from your 529 plan into a Roth IRA, tax-free, as long as certain condition...
If more cash is needed, Jane can considera backdoor Roth IRAstrategy whereby you convert a traditional IRA into a Roth. This can be a very high tax event, so tread carefully. How Would This Work? Based on the low annual expense estimates above, this should carry them through ...