Should You Convert To Roth?

Let’s take a look at some pros and cons, starting with reasons why now might not be the time for a Roth conversion There has been a lot of conversation whether the backdoor Roth IRA and mega back door Roth conversions will be eliminated. In this Forbes article, take a look at the pros and cons…

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Converting To A Roth? Don’t Fall Into These Traps

With talks of long-term changes to retirement planning in the potential tax reform legislation, it may be time to start thinking about Roth IRA conversions. Check out this article by Forbes. Jamie Hopkins discusses common Roth conversion missteps, the five-year rules, and converting yourself into higher tax rates.   Enjoy this complimentary download: By submitting…

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Wednesday Q&A Roth Ira As An Alternative To Emergency Savings?

Roth Ira As An Alternative To Emergency Savings? Let’s talk about savings statistics. Do you fall into any of these categories? What are the latest options for alternatives to emergency savings? Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help…

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The Biggest Mistakes People Make With IRA Rollovers


With Covid-triggered changes in the economy and more people taking early retirement or changing jobs, there has been a surge in rollovers from 401(k)s to individual retirement accounts. And mistakes that are commonly made with such transfers of money are rising, too. These mistakes can be costly, potentially amounting to tens of thousands of dollars, since…

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The Right Retirement Plan: Do I Choose a Traditional or Roth 401(k)?

If your workplace offers a Roth 401(k) retirement savings plan in addition to a traditional 401(k), picking between them comes down to taxes. My friend Abby recently finished her graduate degree and just started a new job as a business analyst. After reviewing her company’s employee benefits package, she called to ask two specific questions:…

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Inheriting an individual retirement account? Here’s how to avoid a tax bomb

seniors on computer

KEY POINTS The Secure Act of 2019 added new rules for inherited IRAs, requiring many heirs to withdraw the balance within 10 years. Without tax planning for IRA distributions, higher earners may reduce their net inheritance. Financial experts say account holders and beneficiaries may lessen the sting with proactive tax moves. While inheriting money is…

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Should I roll my Roth 401(k) into a Roth IRA?


Q.: I’m thinking of retiring and rolling my Roth 401(k) to a Roth IRA. A co-worker says if I roll it to a Roth IRA, I can’t touch it for five years without penalty. I thought penalties ended at 59½. I’m 68. Can you clear this up for me? Sam in Dallas A.:  Sam, I’ll try. …

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