Tags » Traditional IRA

Naming Your IRA Beneficiary – More Complicated Than You Might Expect

The decision concerning whom you wish to designate as the beneficiary of your traditional IRA is critically important. This decision affects:

  • The minimum amounts you must withdraw from the IRA when you reach age 70 ½;
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Tax Planning

After-Tax 401ks & Rollovers To Roth IRAs

The IRS recently clarified rules surrounding rollovers of qualified plans (401ks, 403bs, etc., all of which I’ll refer to as “401k”s for the rest of this post for simplicity) to IRAs which can have a dramatic impact on a plan participant’s ability to save for retirement in some situations. 1,253 more words

The Traditional IRA and Its Benefits

Last month, I wrote about how young adults should start saving for retirement as soon as possible – and how the Roth IRA is the perfect vehicle for many younger folks.  448 more words

Estate Planning

Retirement Savings for Young Adults

The importance of beginning your retirement planning savings as soon as you have your first job cannot be stressed enough. Over my next few blog posts, I will discuss 401(k) Plans, Roth IRAs, and Traditional IRAs – the tools you can use to achieve financial security in retirement. 527 more words

Estate Planning

Yogi was right

New York Yankee icon Yogi Berra is as famous for his euphemisms as he is for his stellar performance on the baseball diamond. One of my favorite “Yogi-isms” is the following: “If you don’t know where you’re going, you might wind up somewhere else………..” 182 more words

Retirement Savings

Not investing is your 20s is costing you millions...yes, millions

I know you don’t want to hear it, but your decision to put off saving until your later years so you can enjoy yourself now might be costing you more than you’d expect.   240 more words

Investing