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Should You Convert Your Traditional IRA Into a Roth?

By |2022-12-10T04:25:50+00:00December 20, 2022|IRAs, Retirement Income Planning|

When the Studebaker car company ceased production in 1966, it wasn't just their business that failed. Auditors found that the company's pension fund also had serious problems, leaving thousands of workers with reduced benefits or none at all. The Studebaker employees' retirement was completely reliant on the success of a single company. Sadly, all their eggs were in the wrong basket. In response to this and other pension disasters, congress passed the Employee Retirement Income Security Act (ERISA). One of its key components was the individual [...]

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6 Potential Tax-Law Time Bombs Affecting IRAs

By |2016-11-25T09:00:23+00:00November 25, 2016|IRAs, Tax Planning|

6 Potential Tax-Law Time Bombs Affecting IRAs   It's Black Friday...and we're talking about savings...or what we thought were great tax savings ideas! Some of these items have been in federal budget proposals for years. It may be only a matter of time before they become law. And it could considerably change planning strategies for many people. The 2017 Congressional budget proposal includes six little-known but important tax time bombs that could affect your individual retirement accounts. Joe Ross, vice president of sales productivity and business [...]

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