Retirees Rejoice: No Age Limits on Roth IRAs

    February 23, 2017 2:55 PM by Brian Dobbis

    With increasing longevity, qualified investors may want to explore this option.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Is there ever an age or time when you are too old to fund a Roth IRA? The answer may surprise you. Traditional IRA contributions must cease after your seventieth year, whereas Roth IRAs do not impose an age restriction. Instead, an investor, regardless of age, is eligible at any age, assuming you or a spouse have earned income and satisfy an income test.

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    Retirement Tip: Teach Your Children about Roth IRAs

    February 16, 2017 3:25 PM by Brian Dobbis

    In an underutilized strategy, parents and grandparents can help minors save for retirement, or college, for that matter. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Would you like to help your kids build wealth at a young age? In these uncertain times, who wouldn’t? College expenses are already exorbitant, and by the time “centennials” (born after 1995) reach retirement age, Social Security might be a ghost of its former self.

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    Tax Tip: It’s Not Too Late to Fund Your IRA for 2016

    February 9, 2017 5:00 PM by Brian Dobbis

    Thanks to Emancipation Day, the funding deadline for a traditional or Roth IRA is April 18.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Tax season has arrived—and you’re receiving and organizing a dizzying amount of tax records (1099s, W-2s, 5498s, etc.). Then it dawns on you that you forgot to fund your IRA last year. Maybe you’re looking to save more for your golden years or really need a tax deduction. Either way, there is good news as the tax law permits a prior-year IRA contribution to be made until the following year’s tax-filing deadline, excluding any extensions.

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    Retirement Alert: How to Determine if Your Traditional IRA Contribution Is Deductible

    February 2, 2017 12:25 PM by Brian Dobbis

    Do you know what it means to be an "active participant" in an employer plan? The details may surprise you—and help your nest egg.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So here are some pointers that might help you juggle the two.

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    Funding Multiple Retirement Plans

    January 26, 2017 1:05 PM by Brian Dobbis

    If you have earned income from a side business, increasing retirement savings is easy—as long as you navigate the maze of rules.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many Americans are entrepreneurial, in that they work and have earned income from a side business in addition to their full-time jobs. Can they contribute to more than one retirement plan? It’s a great question, and one I get with more frequency. The short answer is, yes.

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    "Backdoor Roths" Still a Viable Strategy

    January 19, 2017 1:05 PM by Brian Dobbis

    For all the uncertainty about future tax policy, high-income earners may still rely on a popular workaround. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Anticipating new federal tax policies may be difficult, but the good news is that there are few changes (so far) to IRAs in 2017 that will affect retirement savers. 

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    Muni Bonds: Rising Rates? Think Short—and High

    January 17, 2017 1:20 PM by Lord Abbett Editorial Staff

    A strategy employing short-duration, high-yield municipal bonds historically has performed well during periods of rising U.S. Treasury yields.

    The U.S. Federal Reserve (Fed) raised its key interest rate by 25 basis points (bps) on December 14, sending a signal to investors that policymakers have confidence in the state of the U.S. economy. While investors might voice concerns around how some segments of the U.S. fixed-income market may fare in the wake of the Fed’s actions, one asset class may be poised to do quite well: short-term, high yield municipal bonds.

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    IRA Funding: What Kind of Earnings Are—and Aren’t—Allowed?

    January 12, 2017 1:20 PM by Brian Dobbis

    Before making an IRA contribution, make sure you understand what the IRS allows as "taxable compensation."  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With the IRS cracking down on IRA mistakes, what seems straightforward may veer into uncharted territory. That’s why I am often asked what is considered compensation or “earned income” for the purpose of making a contribution to a traditional or Roth IRA. 

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    2017: Watch Out for New IRA Policies

    January 5, 2017 1:50 PM by Brian Dobbis

    Changes to "stretch" IRAs under a Trump administration could have significant tax implications for some retirement accounts. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    For all the political uncertainty surrounding federal spending and tax proposals, one thing appears certain: The money for ambitious fiscal policies will have to come from somewhere, and there is increasing concern that retirees might bear some of the cost.

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    Avoiding Retirement Account Mistakes

    December 22, 2016 3:40 PM by Brian Dobbis

    The good news is that the IRS corrects some mistakes. The bad news is that some mistakes can’t be fixed—and that can be costly. 

    Mistakes happen—something we all know too well. So, for example, have you or a client encountered a compliance issue with a retirement account, such as a qualified plan and/or IRA? My assumption is the answer is a resounding yes!

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