President Trump recently signed legislation called “Setting Every Community Up for Retirement Enhancement” (SECURE Act). This legislation has 29 provisions in it and will affect many investors saving for retirement. One of the biggest changes is the removal of the…
“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin Sorry, we can’t help with the death part. But here are 4 Easy Ways to Save Income Taxes: 1. Maximize your 401(k) plan contributions…
I recently suggested to my son that he open a Roth IRA. Here are the 3 reasons why. 1) He’s Young The Roth IRA offers a huge advantage over a regular IRA. This is particularly so for younger people. …
Roth IRA Eligibility To be eligible for a Roth IRA you need to have earned income. This is typically from wages earned as an employee. Earnings from self-employment also qualify. The annual contribution is the lesser of your earned…
The American Taxpayer Relief Act of 2012 has temporarily extended the ability of certain taxpayers to make charitable donations from their IRA. The Basics Charitably inclined taxpayers over age 70 1/2 can donate up to $100,000 per year from their…
