Roth IRA’s allow for a two (2) generation tax-free stretch on distributions.
Meaning distributions for you and your beneficiaries are tax-free.
Roth IRA – Helpful Hint For 401(k) Plan Owners
On May 19th
If you’re a 401(k) plan owner, be sure to…
…review your 401(k) plan(s), because some will allow distributions while you are still employed.
You can convert a distribution directly from a 401(k) into a Roth IRA, be sure not to overlook this option.
If you have any questions, comments or concerns about Roth IRA’s, or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.
- Mark
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This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this post is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.
Roth IRA – Manage or Improve Your “8606 Ratio”
On May 13th
No matter how many IRAs you own…
the IRS views them as one pool of assets for tax purposes.
Enacted on March 18, 2010, the Hiring Incentives to Restore Employment (HIRE) Act has two new tax benefits that are available to employees who hire certain previously unemployed workers (“qualified employees”).
Payroll Tax Forgiveness for Hiring Unemployed Workers:
Should I Purchase a Tax Deduction?
On May 3rd
Roth IRA – Tax Diversification In Retirement
On April 22nd
Having options is the key to making the right decision at the right time.
Creating “Roth assets” today, by conversion or yearly contributions, will provide you options in retirement.
Roth IRA – Opening Multiple Accounts
On April 7th
Did you know?
You are not required to convert your traditional IRA(s), SEP(s) and SIMPLE(s) into one Roth IRA.
Roth IRA – Switch Early, can You Change Your Mind?
On March 25th
If you switch to a Roth IRA early in 2010…
…you’re allowed the maximum benefit and still reserve the right to change your mind – by recharacterizing your Roth conversion.
Let’s walk through it –
7 Things Every Small Business Owner Needs To Know
On February 8th
If you’re a small business owner, here are 7 very important things…
Everything I discuss is also available in eBook form on my Web Site at: www.Makara-Assoc.com.
…you need to know:
Entertainment and Meal Deductions
On January 26th
The expense for meals and entertaining clients, customers or employees can qualify…
This is part 6 in my 7 part series “7 Things Every Small Business Owner Needs To Know”. You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.
…as an ordinary and necessary business expense, usually limited to a 50% tax deduction of the total cost.
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