Entries filed under 'Roth IRA'

    MyRA Forced into Early Retirement

    August 10, 2017 12:30 PM by Brian Dobbis

    Economics trumped the original intent of helping low- to middle-income savers. So, now, a Roth IRA is the only rollover option.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    On July 28, the U.S. Treasury Department announced plans to end the Obama administration’s myRA program, less than two years after it started, in late 2015.  

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    Last-minute Retirement Tips for Your 2016 Tax Return

    April 12, 2017 3:35 PM by Brian Dobbis

    Take advantage of the tax-filing deadline of April 18 by rolling more into your nest egg. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    The tax-filing deadline is only days away. The usual deadline of April 15 falls on Saturday this year, which normally would give taxpayers until the following Monday to file. However, because Monday, April 17, is Emancipation Day, a holiday observed in the District of Columbia, the tax-filing deadline nationwide is pushed to Tuesday, April 18. 

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    IRA Season 2017: Top Tips from Our Webcast

    March 16, 2017 2:43 PM by Brian Dobbis

    Advisors had plenty of great questions during our March 7 session. Here’s how to catch the replay.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With more and more clients looking to shore up their tax-advantaged nest eggs, there was an incredible turnout for last week’s retirement planning webcast, “IRA Season 2017: Top Tips and Strategies.”   

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    Recurring IRA Questions from the Road

    March 2, 2017 2:52 PM by Brian Dobbis

    What happens if you made an excess Roth IRA contribution? Or if you have a hefty RMD and don’t need the money? Here are some answers. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many advisors contact me directly with retirement questions. While some of those inquiries pertain to client-specific situations, a number of others are more general in nature. Sorting through that mix, I thought I would share two pertinent exchanges with the readers of this column.

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    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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    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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    "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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    Catching a Wave of Year-End Roth IRA Questions

    December 15, 2016 2:45 PM by Brian Dobbis

    Here are answers to a few frequently asked questions from financial advisors about retirement rules and strategies

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many readers of this weekly blog contact me directly with questions, suggestions and ideas. I’m on the road 70% of the time, and I speak at 100 meetings a year and meet thousands of financial advisors (FAs), all in addition to writing this weekly blog, participating in periodic webinars, and giving internal presentations. So many questions arise during these events that I’ve decided to address frequently asked questions on a regular basis. This week I'm going to give you a glimpse into my e-mail inbox. Here are some recent inquiries that might be of interest:

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    IRA Tips Topped This Year’s Favorite Blog Posts

    December 8, 2016 4:34 PM by Brian Dobbis

    Recapping our most popular retirement posts of 2016

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    As the year 2016 winds down, I am once again thankful to all the readers who have made “The Road to Retirement” a weekly read in such an over-communicated environment. I look forward to offering you more content in 2017. 

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    2017 Retirement Plan Contributions and Income Limits

    November 4, 2016 12:05 PM by Brian Dobbis

    Amid negligible inflation, there was no increase in the cost-of-living index, but there were a few changes.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    On October 27, the IRS released the 2017 income and contribution limits for qualified plans and IRAs. As expected, most of the key limits remain flat from 2016, because the cost-of-living index did not rise sufficiently to trigger an increase. In fact, 2017 will mark the third consecutive year the 401(k) deferral limit has held steady at $18,000, and after five years, the IRA limit remains at $5,500, due to low inflation. 

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