News & Press
House Democrats Once Again Target Biggest Retirement Accounts
The November 3 version of the Build Back Better Act has resurrected retirement law changes that will curb high balance accounts and popular wealth building strategies including back
Backdoor Roth Lockdown Plan Is Back; Here's What Advisors Should Do Next: Ed Slott
The elimination of backdoor Roth IRA conversions has made it back into the latest version of House Democrats’ tax and spending bill.
New RMD Tables Coming For 2022: Are You Ready? Take This Quiz To Find Out
Roth IRA Conversions: When’s the Best Time to Start?
My wife and I are about 10 years from retirement. We want to begin converting money in our individual retirement accounts to a Roth IRA, but the tax bite looks like a problem. We’re already in a higher tax bracket than we like. Any advice? When, or how, should we start converting?
All Star Charts' Delwiche: 'Sloppy' range-bound market should resolve higher
Willie Delwiche, investment strategist for All Star Charts, says that the messy, sloppy range-bound market that we've seen since February is going to continue sideways for a while but ultimately will resolve itself to the upside, confirming a consolidation that is healthy for the long term.
Here’s why Democrats’ proposed elimination of Roth conversions for the wealthy doesn’t start until 2032
House Democrats proposed a rule to forbid Roth conversions for the wealthy as part of a broad package of tax increases on affluent Americans.
But there’s an irony in the proposal, according to tax experts.
75% of eligible young people are missing out on a smart way to save for retirement: Accountant
Employers are increasingly offering a valuable retirement-saving tool to workers. In addition to traditional 401(k) plans, about 8 in 10 workplaces now let workers invest in a Roth 401(k), up from just 37% that offered the option in 2010, according to a recent survey from investing research firm Callan.
Congress takes aim at mega-IRAs
Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.
Many Americans are using a previously little-known tax method to boost their savings. Now, the government is trying to stop it.
The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts. On Sept. 15, the House Ways and Means Committee approved legislation from House Democrats that would prohibit use of the mega-backdoor Roth conversion starting Jan. 1, 2022.