Ifyou have a 401(k) at work and your salary surpasses $76,000, or $125,000 for couples if both spouses have a 401(k), you may not be able to deduct your contributions to a traditional IRA. Those who don't qualify for a traditional IRA or Roth IRA may choose to make nondeductibl...
I have a 401k which I wan to split into 3 immediate annuities. Can I do that? Hersh Stern (ImmediateAnnuities.com) 2016-02-10 11:18:57 Hi Donald- Assuming you receive a check from the insurance company for the cash value in your index annuity, you'll have 60 days to roll that mon...
Remember that lawyers have a lot more juice than you or I do. It may not be fair, but it’s true. If that doesn’t work, they take off the gloves. Consumers are protected by the Fair Trade Commission and a suite of powerful laws. And because the law firm is intimately familiar ...
Should You Have Your Traditional IRA and Roth IRA at the Same Place? I don’t think you can go wrong one way or another. With regard to institutional risk, I don’t think there is much to it. Vanguard isn’t going out of business anytime soon. It’s much simpler to keep them at...
Even though many inherited IRA holders have to make RMD’s, some financial advisers says they should wait. Slott advisesRoth IRAbeneficiaries to wait to take the mandatory yearly withdrawals. “I’d be more careful with Roth IRA beneficiaries,” said Slott. “You’d want to hold the tax-fre...
They have a service called Smart Price. If you elect to use it, the algorithm will automatically adjust your rate based on supply and demand at the time. If you opt in to use this free service, you set a minimum and maximum price and the whizzbang program does the rest. Of course, ...
When building a portfolio, investors may be able to keep more of what they earn by considering the different tax rates on investment income and holding less tax-efficient assets in tax-advantaged accounts like an IRA or 401k. Take bonds, for example. Treasury yields are near multi-decade ...
Converting a portion of my Traditional IRA to my Roth IRA (this is treated as ordinary income by the IRS) Because both are considered taxable events by the IRS, both contribute to AGI. And because I have full control over the amount of income each generates, I can dial in my AGI to ...
If you don’t have a 401k, use an IRA that, that the magic is the compound return. And as you say, the match is icing. And man, if you’ve got it, it’s free money and grab it. But if you don’t have it, you still can get the benefit of time and that’s even more...
I’ve started to look at home ownership as a potential investment. We bought our current home, in part, because it could be used as an AirBNB rental to produce income if needed or desired. We still don’t include our home directly into our asset allocation. I have written in detail ab...