Clik here to view.
Calculators for IRA Eligibility and Comparison
With tax rates heading up for many baby boomers and with 2010 presenting an opportunity for Roth IRA conversion, funding an IRA in 2008 and 2009 can be an important retirement planning strategy. IRA...
View ArticleClik here to view.
Update Beneficiary Designations in Retirement Plan Documents
Many members of the baby boomer generation are experiencing significant and perhaps abrupt transitions in their family status. Their children have left home to lead independent lives. Spouses have...
View ArticleClik here to view.
Shielding Retirement Assets from Creditors
Our retirement assets are down but should not be forgotten. Depleted or not, there are plenty of folks out there who would like to have them. That includes creditors. So what kind of protection is...
View ArticleClik here to view.
Estimate IRA and 401k Required Minimum Distributions
If you have an IRA or want to use an IRA as part of your retirement income plan, it helps to know how you will be able to manage distributions. There are online tools that will help you do this. RMD...
View ArticleClik here to view.
The Roth IRA and Retirement Taxes
I have previously written about the potential benefits of a Roth IRA for retirees. If you currently have a non-Roth IRA, the questions about the benefits of converting are becoming more urgent. This is...
View ArticleClik here to view.
Retirement Plan Hardship Withdrawals
One of the worst financial decisions a baby boomer can make is to raid a tax-deferred retirement account such as an IRA or 401(k) to pay for non-retirement expenses. I like to call these early...
View ArticleDeadline Extended for Returning Required Mininum Distributions
Most retirees know by now that in the Worker, Retiree, and Employer Recovery Act of 2008, Congress waived required minimum distributions in 2009 from IRAs, 401(k) accounts, and certain other retirement...
View ArticleRoth IRA Conversion Calculators
Most of you know that 2010 presents a tremendous opportunity for baby boomers with higher incomes to open a Roth IRA and/or to convert a conventional IRA to a Roth. The reason is that the current...
View ArticleRetirement Plan Contribution Limits for 2010
It’s time to adjust our retirement plan contributions for 2010. These plans include 401(k) plans, individual and spousal IRAs, and our Health Savings Account, which we use for retirement savings. Here...
View ArticleShould You Undo Your 2010 Roth IRA Conversion?
Last year (2010) presented a unique opportunity for even high income earners to convert their traditional IRA or 401(k) account to a Roth IRA. I strongly considered doing that for our IRAs but after...
View Article
