Roth IRA Conversion – The Pro Rata Rule Is Lurking
A Roth IRA conversion and Roth IRAs in general can be powerful tools in a retirement saver’s toolkit. The potential to accumulate…
Do You Need IRS Tax Form 5500-EZ?
IRS tax Form 5500-EZ is usually required for one-participant plans like Individual 401k plans. This type of plan is often called a…
Required Minimum Distributions – The IRS Loves It When You Turn 73
The IRS loves it when you turn 73, but you won’t get a gift or even a card. The Internal Revenue Service…
Starting a Business – What You Need To Know
Starting a business is not for the faint of heart. When I joined the ranks of the self-employed, my good friend and…
HSA Plan – What You Need To Know
HSA plans, short for Health Savings Account, should not be ignored. These were created in 2003 to provide special tax treatment for…
IRA Early Withdrawal Penalty – How To Avoid It
The IRA early withdrawal penalty is not always top of mind for IRA owners. Retirement accounts have special advantages when compared to…
The SECURE Act And Your Retirement
The SECURE Act (Setting Every Community Up for Retirement Enhancement) is now the law of the land. If there’s any constant in…
Roth IRA – 5 Things Retirement Savers Must Know
A Roth IRA is an important part of a retirement plan portfolio and deserve a close look from those wanting to make the most of their…
UTMA Accounts – What You Need To Know
UTMA accounts provide a way to gift money to minor children. Contributing funds to UTMA accounts constitutes an irrevocable gift. Once you…
401k Loan – 3 Reasons Not To Borrow
A 401k loan, while well intended, can be the ruin of a great retirement savings plan. When a 401k plan allows this…
David’s Personal Finance Q&A – November 2017
Through my work as a Certified Financial Planner™ I receive and respond to many questions throughout the course of a week. They…
Tax Planning Tips For 2017: Do It Now Or Miss Out
Follow these tax planning tips for 2017 and bring your A game at tax time. Most of us don’t even think about…