Archive - January 4, 2013

1
How To Convert A Non-Deductible IRA To A Roth IRA
2
Qualified Charitable Contributions From Your IRA In 2012 And 2013
3
Health And Wealth Resolutions For 2013

How To Convert A Non-Deductible IRA To A Roth IRA

So you want to contribute to a Roth IRA, but you make too much money, and your employer doesn’t offer a Roth 401(k) eh? If your Adjusted Gross Income (AGI) is higher than $110,000 (or $173,000 if married), you can’t contribute directly to a Roth IRA for 2012. But what if you REALLY want to contribute to a Roth IRA? There IS a way!

Non-deductible Traditional IRA contributions allow high income earners to get some of the tax benefits of IRA’s, but not all of them. Money put into a Traditional IRA is normally tax deductible, grows tax deferred, and …

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Qualified Charitable Contributions From Your IRA In 2012 And 2013

With the passage of the American Taxpayer Relief Act of 2012, the provision for Qualified Charitable Contributions (QCD) from an IRA has been extended to the end of calendar year 2013.

Great news, right?  But what does that mean?  Can you make a QCD for 2012?

As you know, the QCD provision is limited to taxpayers who are over age 70½ and thus subject to Required Minimum Distributions (RMD).  In addition, the QCD must normally be sent directly from your IRA custodian to the qualified charity – it can’t be taken in cash and then sent to the charity.  If …

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Health And Wealth Resolutions For 2013

If weight loss is one of your New Year’s resolutions (and it almost always is for quite a few of us after the triple whammy of the Thanksgiving, Christmas and New Year’s holidays), here’s a handy tip: A team of international scientists, analyzing recent health data from more than 25,600 U.S. survey participants, concluded that people who read food labels weigh less than those who don’t (this is especially true of women participants, who averaged nearly 9 pounds less).

I would argue that you need to know what to look for on a food label.  “Natural” “healthy” “cholesterol-free” are, in …

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