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QUALIFIED PLANS-RELATED ARTICLES BELOW
How to Convert an Inherited Company 401(k)
Plan to a Roth IRA
The Pension Protection Act of 2006 (PPA)
permits you to convert your company
retirement plan assets, including a 401(k),
403(b), and 457 plans, directly to a Roth
IRA. Of course, you must pay the income tax
on the conversion of a deductible company
plan to the Roth IRA. You can do this if
you’re the owner, the owner’s spousal
beneficiary or the owner’s non-spousal
beneficiary...read
more
Take Company Stock Out Before Moving Your 401(k)
Plan Money to an IRA
It’s
common to rollover your company plan – such as
your 401(k) - funds into an IRA or into another
company’s plan if you decide to continue
working. But whatever you do - don’t rollover
any of your company’s stock you bought within
your company’s qualified plan. Take advantage of
serious tax savings on them by taking them as a
distribution while rolling the remainder of your
company plan into an IRA...read
more
Roll Your 401(k) into an IRA Only After
Knowing the Advantages of Each
You may consider rolling over your company’s
401(k) plan into an IRA when you retire.
Before you do, consider the advantages of
each as outlined below in this article...read
more
Should Retirees Consider Real Estate
Investing With Their IRA Money
Yes, you can
buy real estate with your IRA money. And
retirees often have a lot of IRA money and
are wondering how they can use it for real
estate investing. This article overviews the
advantages and disadvantages of real estate
with IRAs...read
more
Use a Roth IRA If You Must Buy Real Estate
Within Your IRA
You can buy
real-estate within your IRA, but it’s best to
have enough IRA money to buy without a
mortgage. Some retirees can do this. This
article explains why they should use a Roth IRA
rather than a traditional (i.e. deductible
contribution) IRA to do this...read
more
Use
IRA Distributions to Buy Rental Real Estate or
Your Condo
Many new
or about-to-be retirees have a lot of money tied
up in their traditional IRA. Withdrawing that
money immediately makes it taxable income. That
can hurt. But, if they buy and maintain real
estate for its rental income with those IRA
distributions they can shelter those taxable
distributions while creating retirement income
or a condo to live in...
read more
Retirees Should Consider Investing More in Real
estate (non ira article)
If you’re starting your retirement, consider
your portfolio allocation strategy – i.e. how to
split your money among different asset
categories. You’ll want investment income to
cover living expenses but you’ll also need long
term investments to maintain your portfolio’s
value against inflation damage. Here’s why real
estate investments can deliver both of these...read
more
Get More Income and Tax Breaks from Your Other
Home (non ira article)
If you’re
looking for more income, why not let your other
home help you out? You may have been using it
just for yourself, but now you need more income.
If you turn it into an investment property
you’ll not only bring in some income but
increase your tax breaks for holding it...read
more
Use High Income Investments in Your IRAs for
Retirement Income
The
tax-deferred and tax-free nature of IRAs makes
high income investments attractive for retirees
especially if they’re looking for income to live
on. Here’s why...read
more
Let Your IRA Fund Your Young Beneficiary’s
Retirement
Leaving some of all of your IRA to your young
child or grandchild can enormously help fund his
own retirement. Unfortunately today, young
people are already burdened with high taxation,
perhaps poor job prospects, and many living
costs that make it difficult to fund their
retirement. But the tax-deferred or tax-free
growth over many years of their inherited IRA
from you may solve much of their retirement
concerns. Here’s how...read
more
IRA Catch-Up Savings and Tax-Free Income for
Nonworking spouses of ‘soon-to-be’ Retirees
Usually, you need to have a working income
from which you can make your IRA
contributions. The exception to this rule is
for a nonworking spouse. She can make
contributions to either a deductible
(traditional) IRA or a Roth IRA based on her
working spouse’s (husband’s) income. This
exception gives ‘soon-to-be’ retirees an
opportunity to contribute more into their
retirement savings and created nontaxable
income during their retirement income...read
more
How and When Can You Deduct a Loss on Your
IRA Investments
A lot of people have suffered
sizeable investment losses in their
individual retirement accounts (IRAs). They
wonder if they can deduct these losses. Well
they can. But they better be desperate for
the money. Here’s how it works...read
more
How Will a Retiree’s IRA Value Change While
Taking Out the Minimum Each Year?
If you have a traditional
(i.e. deductible) individual retirement
account (IRA), you may wonder how much
you’ll have in it when you die – for legacy
purposes? You must make minimum required
distributions (MRDs), but if you restrict
your withdrawals to these minimums, I can
give you an idea. I’ll assume that you make
it to 70 years of age, you’re the owner of
your IRA, and you’ll withdraw your yearly
MRD starting at age 70...read
more
How to Determine Which IRA You Should
Contribute To
As you
approach retirement, you may still be
contributing to an IRA plan. Both your
income and whether or not you (or your
spouse) have a qualified plan associated
with work will determine which of the
three IRA types - the traditional
(deductible) IRA, the non-deductible
IRA, and the Roth IRA - you should
contribute to. However, when
circumstances occur that give you a
choice of contributing to two or more
IRAs, here’s how to decide what to do...read
more
How Much Is Your IRA or Qualified Plan
Deduction Worth To You?
Government-regulated
retirement plans – such as your IRA or your
company plan at work – offer you
tax-deductible contributions as an incentive
to use them to save for your retirement. But
how much is that tax-deductible contribution
really worth to you?...read
more
You Can Save Faster with Tax-deductible
Qualified Plans in 3 Ways
If you’re trying to beef-up
your retirement savings in just a few years,
use tax-deductible qualified plans
(including IRAs) to do so. I outline why
they can give you the most benefit for your
contribution efforts..
read more
How
Do Government-regulated Retirement Plans
Benefits Differ from Regular Savings Benefits?
Government-regulated retirement savings plans
such as IRAs and 401(k)s are often called
‘qualified plans’ for short. The have a specific
taxation scheme that’s not based on the
investments you put into these ‘plans’. The
taxation of your regular savings or investments
depends on the nature (or type) of the
investment itself...read
more.
Overview of Government-Regulated Retirement
Savings Plans
Over the years, the
government has allowed a variety of
tax-advantaged savings plans to come into
existence so you can save for your
retirement. This article overviews the types
of plans you can choose from as an employee
or as a business owner...read
more
What Are the Benefits to Contributing to an IRA
or 401(k) Type Plans?
Taxes undermine our ability to
grow our wealth and secure our retirement. To
help people save for retirement, the government
has authorized tax advantages to those who
contribute to regulated retirement savings
plans. This article explains the benefits of
contributing to them...read
more
Make a Tax-based Profit on Your IRA Contribution
If You’re Retiring Soon
Government-regulated retirement
plans, like IRAs and 401(k)s, offer you a
tax-advantage. Your contributions are
tax-deductible whose earnings then grow
tax-deferred. Withdrawals are taxed as income.
With no investment gain – or loss – you can make
a tax-based profit by contributing at high
income tax rates, and then withdraw at a low
income tax rates. This article shows you why...read
more
When is a Roth IRA Better than A Traditional
IRA?
Both
a Roth IRA and a traditional IRA are
government qualified retirement savings
plans. But the Roth IRA tax properties of
one can be a better deal for some people
than those of the other. This article lists
their tax properties and who may benefit
most from a Roth...read
more
Tax Efficient Strategies for Converting to a
Roth IRA
As of
2010, anyone – no matter how high his income –
can convert all or any part of a qualified plan
to a Roth IRA. But converting from a qualified
plan – like a traditional IRA – requires paying
income taxes on the amount that you convert into
your Roth IRA. ..read
more
An Overview and Choice of Ira for You:
Traditional, Non-Deductible or Roth
Individual Retirement Accounts (IRAs) were
created to help you save for your
retirement. They’re qualified/IRA regulated
tax shelters. Let’s take a look at them and
their characteristics. The come in 3
versions...read
more
How to calculate your Minimum Required
Distribution if you’re an IRA owner
An IRA owner is the person who contributed to his
IRA. You must take a minimum required
distribution (MRD) from your traditional
IRA or non-deductible each year.
These MRD rules also apply to owners of
simplified employee pension (SEP)
accounts as well as Simple IRAs, since
they're both considered IRAs for this
purpose....read
more
3 Strategies for Using Your IRA to
Invest in Real Estate
With real estate prices depressed and a
lot of wealth sitting in qualified
plans, you may wonder how you can use
that wealth to invest in real estate. In
this article I offer considerations and
strategies for using your IRA to
position yourself in real estate for
your future benefit....read
more
IRAs
and Qualified Plans Offer Limited Asset
Protection
You can lose your assets to
creditors (whom you’ve borrowed from), to claims
under divorce or paternity suits, to trumped-up
claims against your deep pockets, or to
government for taxes owed...read
more
A Self-directed IRA: the Pros and Cons
Government rules allow use of
your IRA for more types of investments than the
conventional trustees - like banks and mutual
fund companies - allow. But you must steer clear
of violation self-dealing rules for those
nonconventional IRA investments...read
more
IRAs, Roths, and 401(k)s with Taxed and Untaxed
Minimum Required Distributions (MRDs)
IRA and Roth IRAs are two
examples of government-regulated retirement
savings plans – called qualified plans. Both are
generally personal plans you set up at
banking-type institutions that you can
contribute to and withdraw from yourself. Other
examples of qualified plans associated with work
are 401(k), 403(b) and their Roth versions- like
Roth 401(k)...read
more
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