Author Archives: admin

Recharacterizing IRA Contributions and Roth Conversions

Posted on May 16, 2012 by admin

Qualified distributions from Roth IRAs are free from income tax at the federal level. If you convert your traditional individual retirement account (IRA), simplified employee pension (SEP) IRA, or SIMPLE IRA to a Roth IRA, therefore, federal income tax is … Continue reading →

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Should You Pay Off Your Mortgage or Invest?

Posted on May 1, 2012 by admin

Should You Pay Off Your Mortgage or Invest? Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do … Continue reading →

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How Much Annual Income Can Your Retirement Portfolio Provide?

Posted on April 30, 2012 by admin

How Much Annual Income Can Your Retirement Portfolio Provide? Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out … Continue reading →

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The Roth 401(k)

Posted on April 28, 2012 by admin

The Roth 401(k) Some employers offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you’re lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement … Continue reading →

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The Split Annuity: Current Income Plus Future Savings

Posted on April 23, 2012 by admin

Financial planning in retirement usually has two primary goals: create a steady, dependable stream of income and preserve retirement savings. One idea which may assist in achieving these retirement objectives is the split annuity concept. What is a split annuity? … Continue reading →

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First-Time Homebuyer Tax Credit

Posted on April 16, 2012 by admin

Introduction The first-time homebuyer tax credit was originally established by the Housing and Economic Recovery Act of 2008. The credit was subsequently extended and modified by the American Recovery and Reinvestment Act of 2009 and the Worker, Homeownership, and Business … Continue reading →

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Home Mortgage Interest Deductions

Posted on April 13, 2012 by admin

What is a home mortgage interest deduction? If you itemize deductions, you can generally deduct “qualified residence interest” you pay on certain home mortgages taken in connection with your primary residence and a second residence. (You cannot deduct mortgage interest … Continue reading →

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Strategies for Cash Alternatives

Posted on April 11, 2012 by admin

Introduction Cash alternatives, often used to fund a cash reserve, can be a useful financial tool for investors because they provide a low-risk place to hold money until it is needed for a future purpose. Convenience is the principal benefit of … Continue reading →

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Traditional Pension Plans

Posted on April 9, 2012 by admin

In general If you participate in a traditional pension plan at work (technically known as a qualified defined benefit plan), you’ll generally be entitled to receive monthly benefits from the plan after you retire. These benefits are usually based on your … Continue reading →

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Repairing Poor Credit

Posted on April 5, 2012 by admin

What is it? Improving poor credit can be a long and arduous process. If you have struggled through a period of financial difficulty, or even filed for bankruptcy, your ability to obtain credit may be compromised long after you have … Continue reading →

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