IRA Archives - Page 2 of 2 - John R. Dundon II, Enrolled Agent
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IRA

01 Oct

Posted at 00:00h in IRA, Retirement

The Small Business Jobs Act of 2010 permits employers to amend their §401(k) or §403(b) plans to allow participants to transfer an eligible rollover distribution (ERD) into their designated Roth account in the plan if the transfer is of an ERD: 1. made after September 27, 2010; 2. from a non-designated...

14 Jun

Posted at 00:00h in IRA

1. The tax bite is too big. 2. Retirement is too close. 3. Savings are too concentrated in one place. 4. Tax brackets often change in retirement. 5. The income can change your tax bracket now. If an investor is receiving Social Security benefits, the spike in income could force...

06 Apr

Posted at 00:00h in IRA

If you haven’t made all the contributions to your traditional Individual Retirement Arrangement that you want to make – don’t worry, you may still have time. Here are the top 10 things the Internal Revenue Service wants you to know about setting aside retirement...

17 Feb

Posted at 00:00h in IRA, Retirement

Some taxpayers may have needed to take an early distribution from their retirement plan last year. There can be a tax impact to tapping your retirement fund. Here are ten facts about early distributions. Payments you receive from your Individual Retirement Arrangement before you...

20 Jan

Posted at 00:00h in Investment Income, IRA, Retirement

If you have been saving for retirement in a traditional IRA, you can convert some or all of your traditional IRA funds into a Roth IRA. Beginning in the year 2010, all restrictions on converting to a Roth IRA have been removed. Prior...

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