Publication Categories: Articles Webinars Whitepapers FAQ Info

Financial Planning

Backdoor Roth IRAs

For middle to high income earners, there are IRS limitations on the tax benefits allowed for both Roth IRA and traditional IRA ownership. For an individual with a modified adjusted gross income (MAGI) exceeding $135,000 (single filers) and $199,000 (married joint filers), the ability to contribute to a Roth IRA is completely phased out. 1 To … Continue reading Backdoor Roth IRAs

Tax Reform And Us

As if December wasn’t already one of the busiest times of the year.  In between planning menus, shopping for presents, getting groceries, lighting candles, coordinating travel arrangements, and taking care of the regular year-end checklist of charitable gifting and tax-loss harvesting, we had to add to our list a call to our accountant for help … Continue reading Tax Reform And Us

Designating The Living Trust As IRA Beneficiary

The majority of the time, an IRA owner will list individual(s) as their intended beneficiaries on the IRA beneficiary designation form. Aside from being the most common option, there is good reason for the IRA owner to elect this method a good portion of the time. By choosing the IRA beneficiary outright, the IRA  owner provides the beneficiaries with the option of tax-deferred growth in the form of “stretch” … Continue reading Designating The Living Trust As IRA Beneficiary

Do You Recognize These Financial Challenges Facing Millennials?

Millennials born between 1981 and 1997 are facing a variety of financial challenges.  Many are having difficulty making ends meet let alone saving toward short and longer term financial goals. Today we are seeing more young adults staying at home longer for financial reasons.  Statistics show that approximately 32%1 of young adults are living with … Continue reading Do You Recognize These Financial Challenges Facing Millennials?