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Top 3 Reasons to Convert to a Roth

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Top 3 Reasons to Convert to a Roth Roth IRAs are taxed when you contribute to them instead of when withdrawals are made. This year, anyone can convert their Traditional IRA to a Roth. Why would you want to? 1. You aren’t forced to take Required Minimum Distributions 2. If you believe your tax rate …

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Top 3 Money Moves the Wealthy are Making in 2010

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Top 3 Money Moves the Wealthy are Making in 2010 Most well to do individuals seem concerned about inflation, interest rates, and taxes increasing and have considered the following moves. 1. Roth Conversion Roth IRAs are more beneficial than Traditional IRAs if your tax rates are likely to go up in the future. Unlike in …

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Top 3 Reasons NOT to Rollover a 401(k)

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Top 3 Reasons NOT to Rollover a 401(k) 401(k) Rollover: A process to move funds from a 401(k) to another retirement plan without a tax cost. (Also pertinent for 403(b) and 457 plans) 1. Expenses While the majority of 401(k), 403(b) and 457 plans can have high expenses, larger plans can use their volume to …

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Top 3 Reasons to Rollover a 401(k)

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Top 3 Reasons to Rollover a 401(k) 401(k) Rollover: A process to move funds from a 401(k) to another retirement plan without a tax cost. (Also pertinent for 403(b) and 457 plans) 1. Sanity Juggling multiple accounts is inconvenient and makes it more difficult to manage basic investing practices, such as having the right balance …

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Top 3 Investment Mistakes

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Top 3 Investment Mistakes 1. Not Knowing all Expenses You will never see most internal expenses. Portfolios of mutual funds and variable annuities will likely have costs of 2% per year! Consider Exchange Traded or No-Load funds to lower your expenses. 2. Focusing on Products Focus on your entire portfolio. Analyze the effect on your …

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