posts by Anne Zavaglia - Beacon Hill Investment Advisory, LLC

Roth 5 Year Waiting Period Rules

There are some unclear and misunderstood rules that exist for ROTH IRA distributions. Qualified Distributions, which are both tax and penalty free, are distributions that occur 5 years after the first Roth IRA account is established, and the account holder is over age 59.5. For all other distributions, unless there is an exception, distributions may …

Read more

Leverage Your 401(k) to Build Roth Earnings

Many investors are familiar with the “Backdoor Roth” IRA, which is an indirect way to contribute to a Roth when they are not eligible to contribute directly due to income limitations on Roth investors. Even in those circumstances, some investors can take advantage of a lesser-known Roth contribution dubbed the “Mega Backdoor Roth.” It’s called …

Read more

Understanding the SEC’s expanded new rules for broker conduct

The death of the U.S. Dept. of Labor’s Fiduciary Rule last year left a hole in efforts to expand “rules of the road” for fiduciary advice across the field. In response, the Securities and Exchange Commission approved a four-part package of regulations in early June with the purpose to provide investors with clear information about …

Read more

The House Passes the SECURE Act

Many Americans do not have enough saved for retirement, with only 51% of workers having access to a work place retirement plani. In an effort to bridge the savings gap, a number of bills have been introduced to Congress this year. The Setting Every Community Up for Retirement Enhancement Act of 2019, known as the …

Read more

April 15 Tax Deadlines

New for the 2018 tax year, forms 1040A and 1040EZ are no longer available. Individuals will use Form 1040 to file returns. If you are unable to file your return by April 15, you may request an Automatic Extension (Form 4868). The extension provides an extra six months to file, however any tax payments are …

Read more
Page 1 of 41234»