2019 Roth IRA Limits and Roth 401k Limits Increase

Posted by Madison on March 11, 2019

The 2019 Roth IRA limits increased by $500 this year. The Roth 401k contribution limits also increased by $500. It’s time to adjust your contributions if you haven’t already! The 401k limits and IRA limits are determined based on inflation, but can only increase in $500 increments. The 2019 social security wage base increased by […]

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Social Security 2018 Wage Base Increase

Posted by Madison on October 17, 2017

The 2019 Social Security wage base increased by $4,200. The wage base in 2019 is $132,900. The 2018 Social Security wage base was $128,700. The Social Security wage base has increased in six of the last seven years. Changes to the Social Security wage base were announced on the Social Security website. What is a […]

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Should You Use a Roth IRA as an Emergency Fund?

Posted by Jill on September 25, 2017

Because of the flexibility of a Roth IRA, many people consider using their Roth as an emergency fund (or depositing their emergency fund into a Roth if you prefer to look at it that way). Should you use a Roth IRA as an emergency fund? Using a Roth IRA as an Emergency Fund There are […]

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Are you interested in seeing where you stand when it comes to retirement? Do you want to see if you are on track or falling behind? Try a retirement calculator to help you answer these questions. In years past, to get access to powerful retirement calculators, you had to hire a financial planner who would […]

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Should You Reverse Your Roth IRA Conversion?

Posted by Jill on March 10, 2016

When you file your tax forms, you report contributions to an IRA or Roth IRA. You also report completed conversions (and corresponding tax liability) from one type of account to another. Finally, you can use your tax forms to reverse your Roth IRA conversion by recharacterizing your Roth IRA back to a Traditional IRA. Income […]

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What to Do With Your Required Minimum Distribution

Posted by Don on January 21, 2016

Read any magazine or newspaper or watch any financial television show and you will learn about the importance of saving for retirement, how much you should save, and what type of account to save your money in. But you don’t hear much about what to do when you are required to make a distribution from […]

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2017-2018 401k and IRA Limits

Posted by Madison on December 6, 2015

Updated:. The 2019 IRA limits match the Roth 401ks and IRA limits. See the Roth limits for updated 2019 numbers. The 2018 401k contribution limits will increase. It’s time to start planning your contributions for next year. The 401k limits and IRA limits are determined based on inflation, but can only increase in $500 increments. […]

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Many people put off saving for retirement just because it is so far away. They think they will have time to start saving in 5 or 10 years. After all, 30 years into the future is long time away. Others put off saving for retirement because they are in debt. They have been told that […]

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How to Make Early Roth IRA Withdrawals

Posted by Madison on May 27, 2015

The ability to use early Roth IRA withdrawals is an integral part of any early retirement plan. Roth IRAs allow for much more flexibility when it comes to early withdrawals than a traditional IRA. We’ve integrated the option to use retirement funds since I left my corporate job many years ago. Now that my husband […]

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Roth IRA Conversion Strategy to Avoid Taxes

Posted by Madison on May 12, 2015

If you have money in a traditional IRA and want to take advantage of a Roth conversion, you need to know about the pro-rata tax treatment of conversions. If you have both tax deferred and after tax money in a traditional IRA, you could face hefty taxes on the deductible IRA money, since you must […]

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