Entries by Brian Dobbis

    IRAs versus 401(k)s: More Rules You Should Know

    August 25, 2016 3:05 PM by Brian Dobbis

    Back by popular demand: rule differences we didn’t cover last week.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Summer sequels may be standard fare in the movie business, but not so much in retirement planning. So without much further ado, I present a continuation of last week’s blog to cover additional rule differences that separate IRAs from 401(k) plans. 

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    IRAs versus 401(k)s: Key Rule Differences

    August 18, 2016 10:30 AM by Brian Dobbis

    IRAs and 401(k)s both have unique tax benefits, and different rules. Understanding them can help you manage your retirement savings.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    $12.2 trillion! That’s the aggregate amount that Americans have saved in IRAs and 401(k) plans (as of March 2016)—and roughly half of the $24 trillion in qualified assets marked for retirement, according to the Investment Company Institute. Careful comparison between those two savings options can help you choose how best to increase your nest egg.

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    Self-Directed IRAs Explained

    August 11, 2016 11:26 AM by Brian Dobbis

    The rules and process may be quite a maze, but with the right advice, investors can save for retirement with a wide range of alternatives. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to building wealth through IRAs, most investors think of widely available vehicles such as a traditional IRA, a Roth, SEP, or SIMPLE. Do-it-yourself investment scenarios involving real estate, to cite one example, might seem too complicated and costly. 

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    Naming IRA Beneficiaries: Don’t Rely on Your Will

    August 4, 2016 4:12 PM by Brian Dobbis

    Failing to name beneficiaries on retirement accounts is one of the biggest mistakes investors can make. Don’t forget that important step in the planning process. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Now that the dog days of August are upon us, it’s a fine time to conduct an informal beneficiary review for all retirement clients. The result of overlooking or neglecting beneficiary planning can be nothing short of ruinous. Broach the topic of beneficiary planning, in case some erroneous assumptions have been made. Too often they have.

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    Tips for Roth IRA Heirs

    July 29, 2016 3:09 PM by Brian Dobbis

    Anyone who has inherited a Roth IRA probably has many questions. Here are some answers. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    No matter where in the country I give presentations to financial advisors, there always seem to be questions about the vicissitudes and attitudes toward inheriting Roth IRAs. 

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    Explore the HSA by Rolling Over Your Retirement Savings

    July 22, 2016 3:18 PM by Brian Dobbis

    Have you taken full advantage of health savings accounts (HSAs)? The tax savings can help defray the cost of living and getting sick.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Now that it’s political convention season, imagine for a moment a crowd chanting, “HSA…HSA…HSA!” Far-fetched as that might sound, health savings accounts (HSAs) have gained widespread support since they were created in 2003 as part of the Medicare Modernization Act.

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    Why Roth IRAs Appeal to Millennials

    July 15, 2016 5:15 PM by Brian Dobbis

    Millennials—the generation born between 1980 and 2000—are warming to the retirement saving advantages of Roth IRAs. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    As a group, millennials outnumber baby boomers. In fact, within 10 years, millennials are projected to account for three-quarters of the U.S. workforce, according to Javelin Research and Strategy. Their incomes are climbing (and, on an aggregate basis, are about to pass boomers; see Chart 1), and they are beginning to save more. All of which has created new opportunities for financial advisors, particularly when it comes to Roth IRAs.

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    Roth IRA or Roth 401(k)—What’s the Difference?

    July 7, 2016 5:30 PM by Brian Dobbis

    Plenty. While both investment vehicles are devoted to saving for retirement, rules on eligibility, contributions, and distributions vary.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    The more I travel, the more I get asked about the so-called “greats of Roth.”

    While Roth 401(k)s are similar to Roth IRAs in many ways, there also are a number of key differences between the two types of accounts.

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    How NUA Can Help Save Money in Retirement

    June 27, 2016 12:08 PM by Brian Dobbis

    NUA, or net unrealized appreciation, allows for favorable tax treatment of withdrawals of an employer’s stock—but understanding the rules is essential.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Of all various ways to lower one’s taxes in retirement, net unrealized appreciation (NUA) is often misunderstood or overlooked altogether.  The rules may be complicated, or even short-lived (President Obama’s 2017 budget proposal would eliminate the NUA tax break).  But any plan participant who owns company stock and is separating from service or retiring should be aware of NUA before rolling his/her retirement account into an IRA or a new employer’s plan. 

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    Tips on IRA Rollovers

    June 17, 2016 4:30 PM by Brian Dobbis

    Confused about treatment of both pretax and aftertax dollars in a qualified plan? Here’s some updated guidance from the IRS.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    In case you missed it (many investors have), the IRS offers much-needed guidance on the allocation of aftertax dollars to IRA rollovers. While the administrative language might seem unclear at first, it at least provides a roadmap for splitting a 401(k) distribution that consists of both pretax and aftertax dollars.  

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