Tags » Traditional IRA

The Tax Deduction for People with Dementia

April inevitably means tax time, so whether or not you need to file a return, this tends to be the season when you, and everyone else, think about deductions and techniques you might use to reduce the amount of tax owed to Uncle Sam and the Commonwealth of Massachusetts.  476 more words

Estate Planning

Frightening revelations about 401(k)s

Retirement may seem like a long time away, but the key to building a lot of wealth is to start investing when you’re young.  As millennials, that means when we’re in our 20s… 30s at the latest.   419 more words

Investing

IRS impersonation scams prey on taxpayers

The FTC’s Bureau of Consumer Protection is advising consumers about a tax scam that has resulted in an “explosion of complaints about callers who claim to be IRS agents – but are not.” These IRS impersonation scams count on people’s lack of knowledge about how the IRS contacts taxpayers. 61 more words

Tax

No paperwork means no deduction

Did you give contributions to qualified charities during 2014? Be sure to get a receipt. Tax rules are strict when it comes to substantiating your contributions. 56 more words

Tax

Traditional vs. Roth IRAs

Okay, so you want to start a retirement account after reading my last post on retirement. But, where do you start!?

Let’s take a look at IRAs (Individual Retirement Accounts). 711 more words

College

Traditional or Roth? - IRAs Explained

The difference between choosing to invest in a Traditional IRA over a Roth IRA could be tens of thousands of dollars over the course of your investing career. 856 more words

Personal Finance

I kept putting this post off because it felt like a lot of work

Ladies and gentlemen…Traditional and Roth IRAs.

A few weeks ago, I had a meeting with a financial adviser to discuss opening a retirement account.  “But you’re only 22!” you might say.   456 more words