Now that year-end is approaching, be sure to review important deadlines and retirement plans before the holidays set in.
Entries filed under 'IRA Eligibility'
As April 15 approaches, the window is closing on the opportunities for advisors to capture both 2014 and 2015 IRA contributions.
Rules governing excess contributions make it potentially costly to overfund an IRA.
Roth IRAs can be funded at virtually any age. That means individuals can fund accounts with the intention of passing them on to heirs. Beneficiaries inherit the potential to withdraw the funds tax-free.
The three months leading up to the April 15 federal tax filing deadline are considered peak IRA season, when investors still can make contributions for the year just ended, as well as for the new year.
A Roth IRA carries the potential for future tax-free income and could be the gift of a lifetime for a young adult.
Going through the back door can pay off for upper-income retirement savers.