Make the RMD from Your Traditional IRA Tax-Free

Once you turn age 70 1/2, the tax code mandates that you withdraw a tax code–defined required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution with a qualified charitable distribution (QCD), you can eliminate the RMD...

Backdoor Roth IRA Still Available After The Tax Reform

Good news. The Tax Reform (TCJA) did not harm the backdoor Roth strategy. Do not miss tax free growth – over 40 year period 94% of your account balance is due to growth and only 6% is due to contributions. First, as you likely know, the Roth IRA is a terrific...

Save more for retirement in 2019

Get ready to save more for retirement in 2019! IRAs are bumped up to $6,000 and 401(k) type plans are at $19,000 in 2019. Catch-up contribution limits are unchanged. Happy saving!   We specialize in helping clients clarify their taxes so they keep more of their...