The Modern Investor
Written by Human Advisors, for Human Investors
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Time to Consider Roth Conversions?
Would you like to pay more income tax this year? It might not be as crazy as it sounds. Roth conversions – the process of moving money from a pre-tax retirement account to a tax-free, Roth alternative – can be a powerful retirement income planning and tax planning tool. But it likely means pulling income from the future to the present, along with any associated income tax.
Earn too much for a Roth IRA? Two considerations before you use the ‘backdoor’ Roth IRA.
The backdoor Roth IRA strategy can be an effective way for high-income individuals and families to save for retirement. Be careful to avoid common pitfalls that might create unexpected and unwanted taxes. Consider all your options and try to think holistically about retirement – few if any solutions are one-size-fits-all.
New Employer? Things to Consider Regarding the Old Retirement Plan.
You have a new employer. What should you do with the old 401(k) or retirement plan assets? Leave it where it is, bring to the new employer’s plan, or rollover into an IRA? Here are some of the key considerations around taxes, investment options, and fees, as well as a few other items to take into account.
