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Tag: Individual Retirement Accounts
Should I do a Roth conversion to offset stock losses?
Q.: Dear Dan, We have roughly $45,000 in short-term & long-term losses this year from our brokerage accounts. Is the best move to sell some of our positive stock positions Read more
I used some of my IRA for a qualified charitable distribution. How is this reflected in my taxes?
Dear Dan, Hello. Thank you for the opportunity to ask a question. This year I directed my traditional IRA custodial institution to send a contribution as a qualified charitable distribution. Read more
Opinion: Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023
If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more
IRS sets new 401(k) limits — investors can save a lot more money starting in 2023
Days after the Internal Revenue Service announced big inflation-related bumps to tax brackets and standard deduction payouts for 2023, the tax agency is announcing sizeable increases in the amounts of Read more
How to save a bundle on your tax return
This is Part Two of our list of suggested year-end strategies. Part 1 discusses gaming the federal standard deduction, and managing capital gains and losses. The tax environment is getting Read more
Opinion: Your financial life may be too messy for a 60/40 portfolio
If you’re trying to figure out how to make sure you’ve always got the best mix of investments, there are general rules, questionnaires about risk and all sorts of academic Read more
Are you a ‘quick quitter’? Job-jumping may be sabotaging your retirement.
For job jumpers, the excitement of a new position and higher salary may be a lure to change companies, but it’s important to remember the 401(k) you have built at Read more
Roth IRA and Roth 401(k): the world would be a better place without them
One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals Read more