Q: Your recent column on converting a traditional IRA to a Roth states that if you pay the conversion taxes out of the Roth IRA you just created, you’ll protect more of the assets remaining in your traditional IRA and the assets in our taxable account, but you’ll end up with less in your Roth. [...] [...more]
It’s tax season and the Internal Revenue Service helpfully offers its top ten tips for a smooth tax return. Some of these could actually save you time and money. Via MyFederalRetirement.com [...more]
While retirement investors have had a miserable time lately, tax season is always a good time to do some long-term planning. With the April 15 tax deadline coming into view, I asked several smart financial planners and tax experts for their best ideas for retirement investors. Most advisers this year are focusing on ways to [...] [...more]
Q: I have a 457 tax-deferred government retirement plan. I have 25 percent in a 60/40 balanced fund, 25 percent in an extended market fund, 25 percent in an EAFE (foreign stock index) fund and 25 percent in a stock index fund. I’m down about 34 percent year-to-date. Do you recommend I change these allocations? [...] [...more]
For retirement investors, good news has been hard to find lately. But here’s a small silver lining for the dark clouds hanging over the market: There’s never been a better time to convert an IRA to a Roth account.If you’ve been thinking of converting some or all of your IRA assets to a Roth, this [...] [...more]
