Category - IRAs

1
Tax Alpha: How to save on taxes with multi-year tax planning
2
Should Retirees Put an Annuity Inside of an IRA?
3
Retirement Account Rollover Options
4
How Obama’s 2015 Proposed Budget Impacts Retirement Accounts
5
All about RMD’s, The Required Minimum Distribution

Tax Alpha: How to save on taxes with multi-year tax planning

Eric’s Note: Be sure to read part two for additional tax planning ideas
Originally published at www.mcclainlovejoy.com: http://wp.me/p31Bd2-zb

Alpha refers to the extra return that an active investment manager adds beyond what you’d normally receive by using prudent asset class investments, re-balancing periodically, and staying globally diversified. In other words, it’s the possible extra return (or loss…) that’s achievable when you reach beyond prudent investing. As you’ve probably guessed, we advocate an evidenced based, prudent approach to money management.

However, we do think that strategic tax planning can produce “Tax-Alpha” for a portfolio. By keeping more of your money out

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Should Retirees Put an Annuity Inside of an IRA?

 

In previous decades fee-only financial planners and journalists liked to criticize advisors who recommended putting an annuity in an IRA. However, there may be some good reasons. In California the state taxes the purchase of an annuity at 2.5% when purchased in a taxable account versus 0.5% if held in an IRA. Since annuity income is ordinary income when paid out then there is no tax opportunity cost to have it held in an IRA. (What I mean that if an asset produced tax advantaged income such as a long term capital gain then that asset should not be …

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Retirement Account Rollover Options

Where can my retirement account go when I retire or change jobs? For the most part, when you retire or otherwise end your employment you may direct transfer or direct rollover your retirement account(s) to a new IRA account established at a qualified custodian. Here are some special situations that come up where you may separate accounts to receive the transfer.

Simple IRA

Small businesses can establish a SIMPLE IRA retirement plan. It’s similar to a 401k with but with much simpler and therefore less costly record-keeping and administrative requirements. In the SIMPLE plan you have your own individual account. …

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How Obama’s 2015 Proposed Budget Impacts Retirement Accounts

President Obama recently unveiled his proposed budget for 2015. Included in the proposal were the following potential changes to investor retirement accounts:

Apply Required Minimum Distribution Rule To Roth IRAs

There are currently two main reasons to invest in a Roth IRA – to pay taxes at your current rate in anticipation of being in a higher tax bracket in the future, and to invest in an account that does not require minimum distributions when the investor reaches age 70½. However, President Obama’s 2015 budget calls for Roth accounts to be subject to the same RMD rules as other retirement

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All about RMD’s, The Required Minimum Distribution

For many, once we reach the age of 70.5 IRA and other Qualified plans mandate a distribution so Uncle Sam can get his fair share of taxes. For some, RMD’s or Required Minimum Distributions occur even sooner.

What is an RMD ?

A Required Minimum Distribution (RMD) occurs most frequently for those turning age 70.5 with IRA or other Qualified (fancy word for never taxed $$) funds. In certain instances, as an example, if a stretch IRA has been commenced, in order to avoid taxes, any age person may be required to complete a RMD.

Why an RMD ?

Taxes, …

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