Roth IRA

--(BUSINESS WIRE)--Wolters Kluwer Tax & Accounting: What: Welcoming a new child into a family can be very fulfilling and rewarding, but also comes with many expenses that new parents face. There are the hospital bills, baby’s room, clothes and diapers, special food, surrogate or birth mother expenses, travel, and possible loss of income of a stay-at-home parent. However, … [Read more...] about MEDIA ALERT: A new bundle of joy also comes with a bundle of tax benefits

Dear Liz: The state where I live, Oregon, has removed the tax deduction for 529 college savings accounts. This was quite disturbing to discover upon getting my taxes done this year. Other than the obvious savings benefit, are these accounts still worth having? Fortunately our son is almost done with college, so it won’t affect us much, but I am thinking of my two … [Read more...] about Why 529 college savings plans are still worthwhile

Jose Luis Pelaez Inc | DigitalVision | Getty ImagesNew York City has joined a short but growing list of jurisdictions aiming to get workers into a retirement plan.Mayor Bill de Blasio signed a bill into law this week that will require most employers not offering a workplace plan to automatically enroll their workers in an individual retirement account through a program … [Read more...] about New York City is latest to adopt ‘auto IRA’ program to enroll workers

No room at the inn?Actually, it's finding a manger that's becoming the hard part. A story in this paper on Wednesday detailed a somewhat underplayed aspect of the pandemic ... the increasing lack of rental options on Aquidneck Island, especially Newport.Those frustrated are not the stereotypical sign-carrying homeless patrolling intersections and seeking loose … [Read more...] about Years ago, rentals in Newport were plentiful

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The $11 trillion that Americans have saved up in traditional individual retirement accounts (IRAs) is something of a mirage. “I tell clients with money in traditional IRAs not to get too in … [Read more...] about What Is Roth IRA Conversion? – Forbes Advisor

Q. With interest rates low, it is difficult to be a conservative investor these days. I’m thinking of moving some CD money when they mature this summer into dividend-paying stocks. Is that smart? — KentA. Kent, one of the most common mistakes people make with investments is to “chase yield.” The yield on an investment is the cash flow paid to the owner divided by the value of … [Read more...] about Remember as you consider financial moves: Higher yield, higher risk

Instead of hoping and wishing for the winning lottery numbers, there's a simpler way to get closer to the million-dollar mark. It's called the Roth IRA, and it's infused with incredible benefits that will make your financial goals a bit easier to achieve.  Here are a few things to consider if you want to maximize your Roth IRA success like the millionaire next door.  Image … [Read more...] about How a Roth IRA Can Make You the Millionaire Next Door

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.As we quickly approach the extended May 17 tax deadline, Americans who haven't yet filed are busy getting their paperwork in order — with many expecting a … [Read more...] about Here’s the Average Tax Refund 2021 and How To Spend It

As a real estate agent, you’re accustomed to helping people find and purchase the perfect home or investment property. From commercial real estate to residential properties, to undeveloped land—you’re the expert in your market. You know that real estate is one of the best investments for creating long term financial stability. What if you could use your expertise to grow your … [Read more...] about How to Save for Retirement by Investing in Real Estate — RISMedia |

You can feel it in the air — tax increases are coming. And it’s not a matter of if, but a matter of when. In the last few months, there have been a number of legislative proposals targeted toward high-net worth and ultra-high-net-worth taxpayers, ranging from Sen. Bernie Sanders’s “For the 99.5% Act,” Sen. Elizabeth Warren’s “Ultra-Millionaire Tax Act” and Sen. Chris Van … [Read more...] about Is Your Financial Plan Ready for Higher Taxes?