Roth IRAs are popular retirement savings accounts because distributions from them can be tax-free. You can make a contribution to a Roth IRA if your income is below a certain level. Another way to fund a Roth is to convert some or all of your IRA or retirement plan money to a Roth IRA. Contributing … [Read more...]
Contributing to Roth IRAs 2022
Different ways people can pay their taxes
Federal Tax The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes. Some taxpayers must make quarterly estimated tax payments throughout the year. … [Read more...]
Special Considerations for Second/Vacation Homes
A rustic cabin. A seaside cottage. Buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, … [Read more...]
Ukraine and your portfolio
You may be asking yourself if the current market declines warrant a change in your portfolio. Should you modify your investment mix because of what’s going on in Russia and Ukraine? If things worsen, how will you defend your portfolio from further declines but also benefit when the market … [Read more...]
2022 Retirement Plan Limits
Generally, the amount that you can contribute to IRAs and retirement plans are indexed for inflation each year. In 2022, the contribution limit for IRAs is the same as it was for 2021. However, other key numbers have increased, like how much you can put in an employer-provided retirement plan. The … [Read more...]