Today we’re covering the 2010 Roth conversion rules in the second of a series on Roth IRA conversions. As mentioned yesterday in How to Make a Roth IRA Conversion, some special rules went into effect on January 1 that make 2010 Roth IRA conversions more attractive than ever. If you haven’t yet, you should really [...]
This is the first article in a series on Roth IRA conversions this week. As you probably know, there are no longer income limits for future retirees hoping to convert traditional IRAs to Roth IRAs. Previously, only those with income under $100,000 could take advantage of the superior tax treatment of a Roth. Today, the Roth IRA [...]
Start planning! The IRS just released the 2010 Roth IRA limits and Roth 401k contribution limits. The 401k limits and IRA limits will remain the same in 2010. I highlight the Roth IRA and the Roth 401k because they are my favorite retirement plans; limits for traditional 401ks and IRAs will also remain unchanged in [...]
Solo 401k or a SEP-IRA, which one is the best retirement plan for the self-employed? When I told you about my struggles with my Solo 401k contribution at Fidelity, Lee suggested I look at the SEP-IRA, which made us take a step back and relook at all the available plans; the Solo 401k, the SEP-IRA, [...]
Today we’ll wrap up our look at various retirement plans ideal for small business owners and the self-employed with the one that inspired the series – the Solo 401k. So far, we’ve looked at the SEP-IRA and the SIMPLE IRA. Solo 401k Overview A Solo 401k combines the characteristics of a regular 401k plan with [...]
