by Kristine McKinley | Aug 14, 2006 | Investing, Personal Finance, Retirement, Taxes
Whether you’re switching jobs or retiring completely, chances are you have a 401K or other company sponsored retirement plan that you’ll need to make a decision about. There are several options on how to handle your 401(k) money when you leave a job: Take the...
by Kristine McKinley | Jul 24, 2006 | Investing, Personal Finance, Retirement, Taxes
You may have heard that the new tax law eliminates the $100,000 income limit for Roth conversions beginning in 2010. If you haven’t been able to contribute to a Roth IRA because your income is too high, you now have a back door into the Roth IRA. You...
by Kristine McKinley | Jun 4, 2006 | Retirement, Taxes
You know that you should diversify your investments to reduce your investment risk, but did you know you should also diversify your investments for tax purposes? 401K and IRA accounts are taxed at your ordinary income tax rate, so if you’re in the 25% tax...
by Kristine McKinley | May 9, 2006 | Retirement
How much do you need to retire? The answer is, it depends… How much do you wish to spend during retirement? What will you do? Will you travel? Play golf every day? Where will you live? Florida? Small college town? How much you spend during retirement is...
