Converting your IRA to Roth IRA
Yes, you might be able to create a Roth individual retirement account (IRA) if you’re over the income limit. This strategy involves convertinga traditional IRA to a Roth IRA. The idea, often referred to as a “backdoor Roth conversion,” is sometimes used by individuals whose incomes exceed the current limits for direct Roth
Can I Create a Roth if I’m Over the Income Limit?
Yes, you might be able to create a Roth individual retirement account (IRA) if you’re over the income limit. This strategy involves converting a traditional IRA to a Roth IRA. The idea, often referred to as a “backdoor Roth conversion,” is sometimes used by individuals whose incomes exceed the current limits for direct Roth
Is Your Home An Asset?
Have you ever heard the expression, “It’s a buyer’s market?” That phrasedescribes what’s happening with today’s residential real estate: homes areselling for under their asking price and are taking longer to sell. Goodnews for buyers; not good news for sellers.I’m not a real estate professional, but I do understand
How a Living Trust can protect your assets
A living trust is a popular consideration in many estate strategy conversations, but its appropriateness will depend upon your individual needs and objectives. What is a Living Trust? A living trust is created while you are alive and funded with the assets you choose to transfer into it. The trustee (typically, you) has full powe
Red Flags for Tax Auditors
No one wants to see an Internal Revenue Service (IRS) auditor show up at their door. The IRS can’t audit every American’s tax return, so it relies on guidelines to select the ones most deserving of its attention. Here are six flags that may make your tax return prime for an IRS audit.1 The Chance […]
