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4 Reasons to do a Roth Conversion

Posted in Tax News on June 17, 2021

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4…

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Spence Shares Social Security Strategies to Full House

Posted in Events, Firm News on September 13, 2019

Social Security is an important component of a retiree’s retirement income plan. However, we probably would all agree that there are not too many topics more confusing than Social Security. Borgida & Company guest speaker Robert Spence of Raymond James…

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How to Use a Roth IRA to Purchase Your First House

Posted in Tax News on August 4, 2013

  It can be difficult for younger people to save up to purchase their first house.  Paying rent, making a car payment and perhaps paying off a student loan can drain your cash flow. While a Roth IRA is designed…

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3 Reasons I Encouraged My Son to Open a Roth IRA

Posted in Tax News on April 28, 2013

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. …

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How to Explain a Roth IRA to Your 25 Year Old

Posted in Tax News on March 24, 2013

  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…

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