/Tag: IRA

Major Changes to IRA Rules

By |2020-02-24T02:03:23+00:00January 9th, 2020|Categories: Blog, News|Tags: , , , |

The SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law on December 20, 2019.  The Act contains major retirement related provisions aimed at expanding retirement savings.  The provisions apply to both employers and to individuals, and will have wide-ranging impact on both retirement planning and estate planning. This article will focus [...]

Should You Consider a Non-deductible IRA?

By |2017-05-24T13:42:34+00:00February 11th, 2013|Categories: Articles, Tax Planning|Tags: , , , , , , |

If you’re in a company retirement plan and your 2013 adjusted gross income exceeds certain levels ($69,000 for singles and heads of household; $115,000 for married people filing jointly), you can’t deduct contributions to an IRA. You can still make contributions (up to the usual annual limits), but if they’re not deductible, why would you [...]

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