Roth IRA

The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings plans. We bring Case of the Week to you to highlight the most relevant topics affecting your business. A recent call from an advisor in New York is … [Read more...] about Case of the Week: No More Age Restriction for Traditional IRA Contributions

The Securing a Strong Retirement Act, known as the Secure Act 2.0, would gradually raise the age for RMDs to start to 75 by 2032. The first bump would be effective Jan. 1, 2022, moving the starting age to 73. If passed, this provision would provide extra time for Roth conversions and Roth contributions to help retirees permanently avoid RMDs.  Tax Diversification  Roth IRAs … [Read more...] about Secure Act 2.0, Biden Tax Hike Plans Make Roth IRAs a Crucial Retirement Tool

seb_ra / Getty Images/iStockphotoGraduation season has arrived and you want to give something different than a card with cash tucked inside. While you still want your gift to have a financial theme, you’d like it to be a little more unique.Small Business Spotlight: Don't Miss Out on Nominating Your Favorite Small Business To Be Featured on GOBankingRates -- Ends May 31The good … [Read more...] about 10 Generous Financial Gifts (Other Than Cash) for Grads

Walter F. Pardo, CEO of Wealth Financial Partners, LLC completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop April 29-30, 2021. The invite-only workshop was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM; it provided in-depth technical training on advanced retirement account planning … [Read more...] about Local Wealth Advisor Completes Advanced Virtual Training from America’s IRA Experts at Ed Slott and Company, LLC

The Saver's Credit in actionLet's say you're a single filer who earned $19,000 for the year. Most of your earnings consisted of brand ambassador work that was not taxed throughout the year so you're stuck with a $1,000 tax bill. Instead of worrying about how you're going to pay that off, the Saver's Credit could be added to your tax return to save the day.If you contribute … [Read more...] about Surprise! Your Roth IRA Savings Could Grant You a Tax Credit | Personal Finance

Seyfarth Synopsis: New York City has joined the growing list of jurisdictions to establish a mandatory auto-IRA retirement savings program for private sector employers who do not offer employees access to a retirement plan. By doing so, it becomes part of the trend to provide opportunity for employees who do not have access to an employer-sponsored plan to save for their … [Read more...] about The Big Apple Joins a Small Crowd, With Possible Headaches for Local Employers | Seyfarth Shaw LLP

MoMo Productions | Stone | Getty ImagesMany Americans do not have the cash on hand to cover an unexpected emergency expense, a reality that has become more apparent during the Covid-19 pandemic.That has led to a growing call for companies to step in and adopt programs to help people sock away those rainy day funds.Investment firm BlackRock on Wednesday announced that it is … [Read more...] about How BlackRock, other companies help Americans build emergency savings

Seyfarth Synopsis: New York City has joined the growing list of jurisdictions to establish a mandatory auto-IRA retirement savings program for private sector employers who do not offer employees access to a retirement plan. By doing so, it becomes part of the trend to provide the opportunity for employees who do not have access to an employer-sponsored plan to save for their … [Read more...] about The Big Apple Joins a Small Crowd, With Possible Headaches for Local Employers

How to Roll Over a 401(k) Into a New Retirement Account | Money … [Read more...] about How to Roll Over a 401(k) Into a New Retirement Account