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Category Archive for: ‘IRA’

  • Should you convert to a Roth IRA next year? I say YES. Convert first, and THEN decide later.

    I’m sure a lot of you are reading the headline above and thinking "Say wha?" Let’s back up.  There are (generally) two types of IRAs, which stands for Individual Retirement Arrangements (Yes, "Arrangements" and not "Accounts."  Look it up).  There is the "Traditional" IRA and …

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  • Six Ways to Save Taxes

    I found this article from Newsday interesting.  They list six ways to save taxes, based mostly on depressed asset values, something that I’ve written about before. Convert your traditional IRA to a Roth IRA. "Undo" or recharacterize a Roth IRA conversion if your initial conversion was …

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  • Charitable IRA Contributions Still Available in 2009 (Even Though RMDs Aren’t Required)

    The year 2009 is shaping up to be interesting when it comes to making decisions regarding your IRA.  First, despite the mini-rally of the past four days, the market is still at a longtime low.  But second, there are two unique and temporary laws that …

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