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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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5 Easy Ways to Save Taxes with the SECURE Act

Posted in Estate Planning, Tax News on January 2, 2020
hand on dollar bills

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…

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3 Reasons to Do a Roth Conversion to Save Taxes

Posted in Estate Planning, Small Business, Tax News on July 31, 2019
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A Roth Conversion is when you take a distribution from an IRA, tax it and rollover the proceeds within 60 days into a Roth IRA.  In lieu of getting a check, have the funds sent from the IRA to the…

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3 Easy Steps For Mid-Year Tax Planning

Posted in Tax News on June 30, 2013

Half the year is in the books.  Many people are playing golf, going to the beach or having a barbeque. It is also the time however to have your Mid-Year Tax Planning. Here are 3 Easy Steps to make this…

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How (Almost) Everyone Can Have a Roth IRA

Posted in Tax News on November 13, 2012

  What’s the Benefit of a Roth IRA? The benefit of having a Roth IRA is that if the account is open for at least 5 years and the account owner is at least 59 1/2, then all of the…

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