In his state of the union address on January 29, 2014, President Obama instructed the Treasury Department to create the myRA retirement savings account. These accounts will be available before 2015. 273 more words
Tags » Traditional IRA
Every year around tax time there are always a few clients that make me really proud. When I see the smart money moves that they make I feel compelled to let the world know about those moves (of course confidentially). 418 more words
I was trying to think of a fancy way to explain the concept of Roth IRAs and how all young professionals should take advantage of this investment vehicle because of their (your) low income tax bracket and couldn’t think of one – I’ll blame it on writer’s block. 491 more words
Can an individual roll over or convert a traditional IRA or other eligible retirement plan into a Roth IRA?
A “qualified rollover contribution” can be made from a traditional IRA or any eligible retirement plan to a Roth IRA. Amounts that are held in a SEP or a SIMPLE IRA that have been held in the account for two or more years also may be converted to a Roth IRA. 402 more words