There is a huge, common misconception we hear often from clients with Roth IRA accounts. Most clients understand Roth IRA’s to be retirement vehicles that cannot be accessed prior to age 59.5 without penalty. THIS IS NOT TRUE!! Let’s take a deep dive into Roth IRA accounts to better understand how liquid they can be prior to retirement.
Here are some of the top ways objective investors are managing their money with signs of a recession looming.
After filing your taxes, you may find yourself feeling fatigued from all the paperwork and numbers you’ve been crunching. But, before you put your documents away, follow these five tips that can help you save time, reduce stress, and get your taxes in order for next year.
After-tax contributions don’t save you money on your taxes the way pre-tax contributions to your 401(k) do, but they can make good sense for some people. Here is why the after-tax 401(k) limits are so significant in 2022.
Knowing that tax rates are on the rise is enough information to take action now to safeguard your nest egg in retirement. Here is why I am encouraging my high-income earning clients to harvest capital gains before December 31, 2021 - and you may want to as well.
The Biden administration has proposed the elimination of the "step-up in basis" loophole that Americans have been taking advantage of for years. What does this mean? What planning steps do we need to consider if this does get written into law? How can we proactively navigate this potential change?