IRA

Which IRA Should You Invest In?

05.24.2010 by Jason Topp 9 comments

So you’re saving money for retirement, or thinking about opening an account – that’s great! But should you open a Roth IRA or Traditional IRA? The question inevitably comes up – Which Type of IRA Should I Invest In?
It’s a good question, and there are advantages and disadvantages of both the Traditional IRA and the Roth…

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Should You Convert To A Roth IRA In 2010?

02.18.2010 by Jason Topp 10 comments

So 2010 is upon us and there is a lot of controversy regarding whether folks should convert their Traditional IRAs to a Roth IRA. Some of you might be wondering what exactly is a Roth IRA, well, here’s the basics:
A Roth is funded with after-tax contributions; the money grows tax-deferred; and withdrawals are TAX FREE!
In other words, you use money you’ve already paid taxes on to fund the Roth, and provided you meet certain qualifications you never have to pay taxes on that money again!

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When Can You Withdraw From Your Traditional IRA?

02.15.2010 by Jason Topp 20 comments

For some reason I get this question a lot in my day job, so I thought I’d provide a little clarification on some of the rules regarding withdrawals from Individual Retirement Arrangements, or IRAs.

IRAs were designed to provide an opportunity for folks to save for retirement on a pre-tax, tax-deferred basis. In other words, the money grows without having to pay any taxes on the gains.

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401k Fees – See What You Are Really Paying

01.24.2010 by Bob 4 comments

One of the biggest downsides of the 401k is that there are so many people who need to get paid in order for the whole process to work. So with the administrators, fund managers, brokers, etc all needing to charge fees for their work, it can really cut into the investors’ earnings. To add to it, the fees you pay on your 401k kind of work in an “out of sight, out of mind” type of way. You don’t get billed for your fees, rather they are conveniently taken out without you really even knowing about it. Sure, if you do some digging you can find out a bit about what you are paying, but it is all pretty ambiguous to the average 401k account holder.

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5 small business owner retirement plans

10.26.2009 by Jay Peroni 1 comment

Many times people come into my office looking for advice on how to appropriately plan their financial future. Asset location is often just as important as asset allocation. While asset allocation looks to spread your assets among many different assets classes, asset location helps you spread your assets among taxable, tax-deferred, and potentially tax-free accounts. Many who are employed by a corporation have retirement planning options at work, but what about the business owner? How do you choose the best location for your assets and that of your employees?

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Owning real estate within an IRA

07.09.2009 by Jay Peroni 7 comments

What does the IRS say about owning real estate within an IRA? Actually they say that you can – if you jump through their hoops…

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What is a Roth 401(k)? 6 benefits you might care about…

07.02.2009 by Jay Peroni 7 comments

The Roth 401k offers a lot of benefits that traditional 401ks do not. These are 6 great benefits and reasons you might want to sign up for the Roth option of 401k…

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