Category Archives: IRA

Are Nondeductible IRA Contributions Worth It?

Are Nondeductible IRA Contributions Worth It?

Given the relatively small limit of nondeductible IRA contributions and complexity of calculating allowable contributions, tracking basis, and calculating the taxable portion of IRA distributions, are they worth the effort?

It’s Time for IRA – 401(k) Contribution Parity

It’s Time for IRA – 401(k) Contribution Parity

Elimination of income testing for traditional and Roth IRAs and creation of a universal 401(k)/IRA contribution limit is needed to enable all individuals who aren’t participants in 401(k) plans to (a) contribute to an IRA of their choice and (b) accumulate a nest egg in a retirement plan comparable to what’s possible with a 401(k).

The 401(k) Unlevel Playing Field

The 401(k) Unlevel Playing Field

With the Summer Olympics in Rio de Janeiro underway, sports are on my mind. There’s an unlevel playing field in the retirement planning world. Forgetting about defined benefit plans which are in a league of their own, 401(k) plans are the clear favorite for employees who want to save for retirement. 401(k) participants enjoy a…

To IRA or Not to IRA?

To IRA or Not to IRA?

To the extent that investments in your nonretirement account don’t produce current taxable income, they will enjoy tax-deferred growth similar to an IRA.

Roth IRA Conversion – A Multi-Year Strategy

Roth IRA Conversion – A Multi-Year Strategy

With all of the buzz about Roth IRA conversions this year as a result of the elimination of the $100,000 modified adjusted gross income threshold for converting traditional IRA’s to Roth IRA’s, clients and non-clients alike have been asking me the million-dollar question, “Should I do a Roth IRA conversion?” The underlying implied question usually…

The 5-Year Freeze

The 5-Year Freeze

Unless there’s a large increase in the value of your Roth IRA in the first few years of conversion, you shouldn’t take distributions for at least 5 years.

Do Your RMD Before Your RIC

Do Your RMD Before Your RIC

Although your RMD and Roth IRA conversion are both taxed as ordinary income, you must take your RMD before converting your traditional IRA to a Roth IRA.

5020 Campus Drive
Newport Beach, CA 92660-2120
Phone: (949) 251-0910 or Toll Free: Plan2Retire (844-752-6273)

Email: info@RetirementIncomeCenter.com

Advisory services offered through Retirement Income Center, a Registered Investment Advisor

©2018 Robert Klein and Retirement Income Center. All rights reserved.

TERMS OF USE | PRIVACY POLICY