Browse by Tags

Forecasts & Trends

Blog Subscription Form

  • Email Notifications


  • Is a Roth Conversion Right for You?

    Since their introduction in 1997, Roth IRAs have become increasingly popular. Unlike traditional IRAs, contributions to a Roth IRA are not tax-deductible, but earnings grow on a tax-free basis if held for the required amount of time. The ability to have completely tax-free income at retirement is a big plus, especially for young people.

    The Roth IRA rules also allow for someone with a traditional IRA to convert it to a Roth IRA. Prior to 2010, only those with incomes under $100,000 could do a Roth conversion, but now anyone can convert their traditional IRA to a Roth. However, just because it is now permissible doesn't mean that it's a wise financial decision for everyone.

    In this week's E-Letter, I'm going to discuss the pros and cons of converting a traditional IRA to a Roth IRA and when such a conversion may be feasible. I'll also let you in on a key factor in the decision to convert and how politics may actually come into play. I think you'll find this discussion very interesting.

  • Retirement Focus - Year-End Retirement Sugarplums

    The stock market has been doing a bit better lately with both the Dow and S&P 500 Indexes well above their November lows. This, in turn, has resulted in some well-known financial "experts" saying that the market has hit the bottom and it's now time to invest. Other analysts, however, are not so optimistic and point to continued uncertainty as a reason that the market could still go lower. Nowhere is this debate more important than to 401(k) and IRA account holders with large cash balances and are agonizing about whether to jump back into the market, or remain on the sidelines. This week, Mike Posey provides a possible answer to this question, as well as offering a number of other year-end retirement planning ideas that may be helpful to you....