Article Planning in Your 50s: Catch-Up Contributions May 9, 2022 Turning 50 is momentous for so many reasons—including the extra boost it can provide to your retirement savings. The IRS limits how much you can contribute to tax-advantaged retirement accounts each year. In 2022, that limit is $6,000 to individual retirement accounts (IRAs) and $20,500 to 401(k)s and other workplace retirement plans … Read Morekeyboard_arrow_right
Guide Why Convert From a Traditional IRA to a Roth IRA? February 12, 2022 It's One of the Smartest Tax Moves You Can Make The Roth IRA may be the best retirement savings vehicle available to the American investor today. Whether you are young or old, a white-collar worker or a business owner, this type of account is a fantastic investment choice. Special features like tax-free … Read Morekeyboard_arrow_right
Video Backdoor Roths on the Chopping Block November 26, 2021 The “backdoor Roth” may be in peril—but there’s still time for you to take advantage of this important retirement savings strategy. Andrew Busa, manager of financial planning, discusses why backdoor Roth conversions can be so crucial to your financial plan, and what it would mean if the Biden administration’s … Watch Nowkeyboard_arrow_right
Article The ‘Mega Backdoor’ Roth IRA August 13, 2021 At Adviser Investments, we’re big fans of Roth IRAs. Who doesn’t love tax-free growth? Roth IRAs come with limitations on who can contribute—and how much they can contribute—based on annual income. However, one fairly common strategy to get around those limitations is the “backdoor” Roth conversion—you roll (or transfer) … Read Morekeyboard_arrow_right
Article Roth Conversion Quick Tips July 9, 2021 Roth IRAs are a powerful and popular retirement savings vehicle—but should you trade in your traditional IRA for one? The answer comes down to taxes. Money placed in a Roth IRA can grow tax-free and be withdrawn tax-free in retirement. Whereas, contributions to a traditional IRA also grow tax-free, but you pay … Read Morekeyboard_arrow_right
Podcast All About Roth IRAs October 21, 2020 FEATURING Andrew Busa and Rick Winters Roth IRAs—you may have heard of this type of individual retirement account, but do you know how a Roth really works? In this episode of The Adviser You Can Talk To Podcast, our financial planning specialists Andrew Busa and Rick Winters provide an in-depth explanation of … Listen Nowkeyboard_arrow_right
Article Roth IRAs: When to Convert From a Traditional IRA August 28, 2020 Roth IRAs are a powerful retirement-savings vehicle, but should you trade in your traditional IRA for one? The answer comes down to taxes. Roth IRAs are popular because your money not only grows tax-free but can also be withdrawn during retirement without paying taxes—whereas money in a traditional IRA grows tax-free but … Read Morekeyboard_arrow_right
Article RMDs and the CARES Act April 9, 2020 For many retirees, this may be the best news yet out of the current economic and market dislocations. Congress has passed a bill that says you don’t have to take required minimum distributions (RMDs) in 2020. In the $2-trillion CARES Act, Congress waived the RMDs that retirees typically must withdraw from their … Read Morekeyboard_arrow_right
Article Relief Legislation Measures to Be Aware Of April 3, 2020 On March 27, the federal government passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. It is intended to dull the economic blow that this virus has and will continue to dole out to families and the nation. Here are some relevant provisions of the CARES Act to know about, along … Read Morekeyboard_arrow_right
Article SECURE Act Impact on Your Bottom Line January 3, 2020 In the flurry of holiday merry-making, you may well have missed some important news for your retirement savings: Late last month, Congress passed the SECURE Act, which includes some significant new rules affecting how we all save and plan for retirement. Here are five of the biggest changes that may impact … Read Morekeyboard_arrow_right