Have You Had the Roth Conversion Conversation?

Have you had the Roth conversion conversation?  When weighing whether or not to move your IRA or employer plan assets to a Roth IRA there are crucial points to first consider. The “To Convert or NOT To Convert in 5 Easy Steps” white paper will outline five crucial steps you must consider.  After reading through these five steps, you will …

Monster TAX-FREE Roth Conversions – IRS Notice 2014-54

On September 18, 2014, the IRS released Notice 2014-54, Guidance on Allocation of After-Tax Amounts to Rollovers, which provides details on the taxation of various transactions when a client takes a distribution from their company retirement plan that contains both pre-tax and after-tax funds. Most importantly, the Notice definitively answers one of the most hotly debated questions in the retirement …

Big Changes to IRA Rollover Rules 2015

In November 2014 the IRS issued more guidance and clarification on the new interpretation of the once-per-year IRA rollover rule. This impacts 60-day IRA-to-IRA and 60-day Roth IRA-to-Roth IRA rollovers, where the IRA owner receives a check made out to them personally. The new interpretation is different and much more restrictive than in the past, so advisors and IRA owners …

Leaving a Legacy: 3 Differences Between Roth IRAs and Life Insurance

Life Insurance and Roth IRAs have a lot in common. They are both often used as wealth transfer tools to help facilitate an efficient transfer of assets from one generation to the next, and they are both able to provide a tax-free legacy, just to name a few. Despite their many similarities, however, Roth IRAs and life insurance are very …