December 31, 2014

2015 IRA MAGI Limits – Married Filing Separately

Dec 31 2014

Note: for the purposes of IRA MAGI qualification, a person filing as Married Filing Separately, who did not live with his or her spouse during the tax year, is considered Single and will use the information on that page to determine eligibility.

For a Traditional IRA (Filing Status Married Filing Separately):

If you are not covered by a retirement plan at your job and your spouse is not covered by a retirement plan, there is no MAGI limitation on your deductible contributions.

If you are covered by a retirement plan at your job and your MAGI is less than $10,000, …

2015 MAGI Limits for IRAs – Married Filing Jointly or Qualifying Widow(er)

Dec 31 2014

For a Traditional IRA (Filing Status Married Filing Jointly or Qualifying Widow(er)):

If you are not covered by a retirement plan at your job and your spouse is not covered by a retirement plan, there is no MAGI limitation on your deductible contributions.

If you are covered by a retirement plan at work, and your MAGI is $98,000 …

2015 MAGI Limits – Single or Head of Household

Dec 31 2014

Note: for the purposes of IRA MAGI qualification, a person filing as Married Filing Separately who did not live with his or her spouse during the tax year, is considered Single and will use the information on this page to determine eligibility.

For a Traditional IRA (Filing Status Single or Head of Household):

If you are not covered by a retirement plan at your job, there is no MAGI limitation on your deductible contributions.

If you are covered by a retirement plan at work, if your MAGI is $61,000 or less, there is also no limitation on your deductible contributions …

3 Wacky Stock Market Predictions for 2015

Dec 31 2014

To be clear, this article doesn’t contain any stock market predictions. Rather, the point of the article is in its title. This time of year, you’ll see many articles with similar titles and segments in the financial media with comparable themes. As Josh Brown points out in his most recent book, Clash of the Financial Pundits, this concept

Stay Away From This Asset Class in 2015

Dec 31 2014

Admittedly, this is a pretty deceiving headline. We see headlines like these every day in the newspapers, TV and from colleagues at work. The truth of the matter is that there are certainly going to be assets classes that will behave horribly while other asset classes do extremely well. The point is, neither you nor I (or anyone else) will accurately be able to predict which ones will do better than others.

For every person that says stocks will have a meteoric rise in 2015 there will be just as many that will say to avoid them. You’ll have others …

Archive - December 31, 2014

For a Traditional IRA (Filing Status Married Filing Separately):

For a Traditional IRA (Filing Status Married Filing Jointly or Qualifying Widow(er)):

For a Traditional IRA (Filing Status Single or Head of Household):