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Deferring Taxes

A common piece of financial advice that’s floating around in print magazines and online journals is that a person should spend taxable money first, leaving IRAs and other tax-deferred accounts to grow tax free until they withdraw the funds many years later. “Never tap your pre-tax accounts before age 59 ½.” “Don’t touch the funds… View Article

Choosing From Your Pension Options

If your retirement includes a pension, you’ve got some decisions to make. Some companies require that you take your pension in the form of an annuity, which in general amounts to monthly payments for the rest of your life.

Survivorship Life Insurance Policies

A survivorship policy, also known as second-to-die life insurance, is a life insurance policy that covers two lives under one insurance contract. The death benefit is paid when the second person dies. Nothing is paid at the first death, and premiums continue to be paid until the second death. Typically, estate planners use these policies… View Article

The Roth “Two-Step” Strategy

When the Roth IRA was created back in the late 1990s, many people jumped at the chance to take advantage of its benefits. Unlike a traditional IRA, where money can be deposited on a pre-tax basis and the earnings are left to accumulate on a tax-deferred basis, the Roth IRA contributions are made on a… View Article

Getting to Know Bonds

A bond, as some people are likely aware, is a loan from the investor to the issuer of the bond. Investors can lend to corporations, local municipalities, and the Federal Government (to name a few examples).

Defined Benefit Plans

Defined benefit plans (also known as traditional pension plans) promise to pay you a specified amount at retirement – a benefit that’s defined ahead of time. They are qualified employer-sponsored retirement plans, which, like other qualified plans, offer tax incentives both to employers and to participating employees. In general, your employer can deduct contributions made… View Article

401(k) Rollovers

Let’s say you’re participating in your company’s 401(k) plan and you’ve been diligently adding money to it every paycheck. For the first several years the options within that plan have met your needs, but now your advisor tells you that you need more growth-oriented choices…

Roth IRA Conversions

With the lure of tax-free distributions, Roth IRAs have become increasingly popular retirement savings vehicles. According to the Investment Company Institute, 19.1 million U.S. households (about 15.6%) owned Roth IRAs in 2013. There are three ways to fund a Roth: you can contribute directly, you can convert all or part of a traditional IRA to a… View Article

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