Can You Move Retirement Plan Assets ?
by Donn J. Sinclair , MBA Personal Financial Advisor August 1, 2022 Your retirement plans should portable; as well as, tax-favored investments. Normally, you should be able to transfer assets directly from one trustee to another; an indirect or direct IRA Rollover; or process transfers incident to a divorce. You may also want to consider […]
Can You Move Retirement Plan Assets ?
by Donn J. Sinclair, MBA Personal Financial Advisor August 1, 2022 Your retirement plans should portable; as well as, tax-favored investments. Normally, you should be able to transfer assets directly from one trustee to another; an indirect or direct IRA Rollover; or process transfers incident to a divorce. You may also want to consider possible […]
What is a Traditional IRA?
By Douglas J. Sinclair June 11, 2022 An Individual Retirement Account (IRA) is a type of personal savings account, that you setup with a financial institution, often with the aid of a financial adviser. A Traditional IRA comes in two types, Deductible and Nondeductible, and each type allows the owner to plan for their future […]
Retirement Plan Assets Can Move ?
by Donn J. Sinclair, MBA May 14, 2022 Your retirement plans should be both tax-favored retirement assets which should be portable. You may normally easily move these assets to your new company retirement plan or Traditional IRA Rollover. You should be able to do a direct transfer from one trustee to another; a direct […]
2022 Roth and Traditional IRA Considerations
by Donn J. Sinclair, MBA June 24, 2022 Which is best for you ? Maybe both should be part of your 2022 retirement savings plans. In 2022 you may be eligible to contribute up to $6,000 for those under age 50. Those age 50 and older may be eligible to contribute up to $7,000. […]
2022 Roth and Traditional IRA Considerations
by Donn J. Sinclair, MBA June 24, 2022 Which is best for you ? Maybe both should be part of your 2022 retirement savings plans. In 2022 you may be eligible to contribute up to $6,000 for those under age 50. Those age 50 and older may be eligible to contribute up to $7,000. […]
What is a Roth IRA?
by Donn J. Sinclair, MBA June 28, 2022 Contributions to a Roth Individual Retirement Account (IRA) do not reduce your current income subject to federal income taxes. This Roth IRA should allow your contributions to grow federal income tax free. You fund a Roth with after-tax or post-tax dollars so that later you may […]
What is a Roth IRA?
by Donn J. Sinclair, MBA June 28, 2022 Contributions to a Roth Individual Retirement Account (IRA) do not reduce your current income subject to federal income taxes. This Roth IRA should allow your contributions to grow federal income tax free. You fund a Roth with after-tax or post-tax dollars so that later you […]
What If You Should Inherit an IRA
by Kristin P. Sinclair A Accu Tax May 10, 2022 If you or your spouse should die, then the survivor generally has several options for the Inherited IRA: A.) Spousal survivors can designate themselves as the IRA owner, and then the survivors may elect to treat the Inherited IRA as their own Traditional […]
Investments Risks, Fees, and Expenses
by Donn J. Sinclair, MBA May 3, 2022 Your final investment returns are impacted by the risks you are willing to accept, and the fees and expenses charged. You should carefully consider any investment’s objectives, risks, fees, and expenses before you invest. Your specific financial situation and risk tolerance are two major criteria to […]
