Run the numbers, because the answer could be “yes.” An underreported story. In 2010, we have a wave of IRA owners converting traditional IRAs to Roths. There are all kinds of compelling reasons to make that move. Yet for some IRA owners, the conversion may have an unintended consequence: it may reduce their son or [...]

You might have a chance to go Roth with your 401k or 403b account. Big news for participants in 401k, 403b and 457 retirement plans. The Small Business Jobs Act of 2010 contained an interesting sidelight concerning employer-sponsored retirement plans. Some of these retirement plans are now allowing in-plan Roth conversions. This means: You may [...]

These two objectives are not mutually exclusive. It can be done. All across America, families are meeting a mighty financial challenge – the challenge of paying college costs with retirement potentially on the horizon. How do they do it? They go about it consistently; they also get creative. First, make sure the priorities are in [...]

Little details you need to know about. What’s new? Every year brings changes in tax law, and some of these revisions always seem to affect IRAs. Here is a look at some of the new wrinkles for 2011. You can’t defer income resulting from a Roth IRA conversion in 2011. If you converted a traditional [...]

Things you can do before and for the New Year. The end of the year is a good time to review your personal finances. What are your financial, business or life priorities for 2011? Try to specify the goals you want to accomplish. Think about the consistent investing, saving or budgeting methods you could use [...]