Q. I am trying to figure out if it makes sense for me to convert my traditional IRA, worth about $27,000, to a Roth or to roll it into my deferred compensation plan. I am retired, age 62 and have a decent state pension plus Social Security. I won’t touch my deferred compensation plan until I have to take mandatory minimums and we max out our Roth each year. My husband … [Read more...] about Does it make sense to convert my IRA to a Roth?
Are Higher Taxes On The Way? Having A Strategy Is Essential
By Reid JohnsonThe current administration has already spent $1.9 trillion on COVID relief and has plans to spend trillions more on infrastructure projects, Medicaid expansion, education, and climate investments.In order to fund these projects, the administration has proposed several tax-increasing measures on corporations and wealthy individuals. Under his plans, the corporate … [Read more...] about Are Higher Taxes On The Way? Having A Strategy Is Essential
How can you separate a Roth IRA’s principle and gain?
Q. Am I correct that if you convert to a Roth IRA, you can withdraw the amount converted at any time with no tax and the gain would be taxed if it is not in the account for five years? If this is correct, how do you distinguish when a withdrawal is made between principal or gain?— CalculatingA. Yours is a great question.Yes, you are correct that under current tax laws, you can … [Read more...] about How can you separate a Roth IRA’s principle and gain?
Is Roth IRA better for young workers? || Darrin Gifford
File/ eExtra News If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depend ing on your income, you might have the choice between a … [Read more...] about Is Roth IRA better for young workers? || Darrin Gifford
Ira Khan posts heartfelt wishes for boyfriend Nupur’s mother Pritam on her birthday
Ira Khan took to Instagram on Sunday to share a sweet picture of her boyfriend, Nupur Shikhare, and his mother, Pritam Shikhare. Ira shared the picture on the occasion of Pritam Shikhare’s birthday. She drew a heart around the two and wrote, ‘happy birthday.’The picture featured Nupur and Pritam posing for a picture together. Adorning a pink outfit, Pritam wears a sash with the … [Read more...] about Ira Khan posts heartfelt wishes for boyfriend Nupur’s mother Pritam on her birthday
Paychex is the Nation’s Largest 401(k) Recordkeeper
ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper
Ira Winderman: Heat either will find rapid reward in NBA free agency or potentially an enduring headache | Pro Football
Sometimes you have ample salary-cap space and wind up with Dion Waiters. And sometimes you have no cap space and land Jimmy Butler.So the only predictable element for the Miami Heat entering Monday’s 6 p.m. start of the free-agency negotiating period is the unpredictability of the process.That, of course, doesn’t mean there isn’t a plan. With Pat Riley, Andy Elisburg, Adam … [Read more...] about Ira Winderman: Heat either will find rapid reward in NBA free agency or potentially an enduring headache | Pro Football
Paychex is the Nation’s Largest 401(k) Recordkeeper
ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper
Congress aims to raise limits for catch-up contributions
In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're midway through their careers. Some even wait until late in their careers to sign up for a 401(k) or open an IRA.The good news … [Read more...] about Congress aims to raise limits for catch-up contributions
4 cash-raising pitfalls (and better options)
If you've got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead. BEWARE RAIDING A RETIREMENT PLAN A big chunk of the money contributed to retirement plans leaks out as … [Read more...] about 4 cash-raising pitfalls (and better options)