As 2017 Winds Down…

Can you believe it, we’re only a month away from the end of the year!  For many of us, we’re pretty busy with our normal activities (work, school, etc.) and then we have the holidays to prepare for too.  It seems like there’s no time for anything else and yet there may be some very […]

Is a Backdoor Roth IRA Right for You?

First of all, what is a Backdoor Roth IRA? It’s merely a way to contribute to a Roth IRA when your income exceeds the contribution limit of $183,000 (for a couple filing jointly). The Backdoor Roth IRA procedure removes this restriction. It involves a simple two-step process. First you contribute up to $5,500 to a […]

Plan Now to Minimize Your Taxes

There are a number of ways that many of us can us to lower our tax bills. These include Traditional IRA and 401(k) contributions, gifting, charitable contributions, income deferral, offsetting investment gains with losses and so on. Many of these techniques can be implemented late in the year when your tax situation is more clearly […]

Maximizing the Value of Your 401(k)

You may know that over-50 workers can generally contribute up to $24,000 per year to their 401(k) plan on a pre-tax basis. But, did you know that a worker’s total 401(k) contribution (pre-tax contributions, matching company funds and after-tax contributions) rises to a $59,000 limit? But wait, it gets better. Starting in 2013, new legislation […]