Archive for 'February 2017'

    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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