Avoiding the IRA early withdrawal penalty is not always always top of mind for IRA owners. These accounts have special advantages when compared to traditional investment accounts. With an IRA, the account owner incurs no annual tax liability resulting from interest, dividends, and capital gains. As long as there are no withdrawals (distributions) from the IRA, […]
The IRS loves it when you turn 70, but you won’t get a gift or even a card. The Internal Revenue Service can’t wait to get their hands on your hard earned dollars. This might be why the IRS is sometimes referred to as the Infernal Revenue Service. Happy birthday and get ready to pay more taxes thanks […]
A Roth IRA conversion and Roth IRAs in general can be powerful tools in a retirement saver’s toolkit. The potential to accumulate a bucket of funds that can be used tax free in retirement is very attractive. This is especially true when you realize how much of your 401(k) or Traditional IRAs will be taxed […]
