It’s Not Too Late
It is March 2012, but you still have an opportunity to alter the outcome of your 2011 tax return. Learn more in this week’s Tax Tip.
DOL 401(k) Plan Disclosure Rules Take Effect Soon
New rules are requiring 401(k) plans to provide detailed information to participants about the plan and its investments. Learn more in this week’s Business Tip.
Q&A Time: Using Bond Funds for Liquidity and Paying Off your Mortgage Early
Dr. Gene and Bil Lako, CFP® answer listeners’ questions on the use of bond funds and paying down your mortgage early.
Working During Retirement
According to the Employee Benefit Research Institute’s 2011 Retirement Confidence Survey, 74% of workers plan to work in retirement, but historically only about three in 10 retirees have been able to do so. If you plan to work during retirement, consider how you might adjust your plans if ill health or job loss prevented employment. Learn more in this week’s financial tip.
Q&A Time: Fixed-Income Clarification, Portfolio Adjustment for Retirement and Economic Growth
The “Money Talks” hosts answer listener’s questions on economic growth and shifting a portfolio toward income investments in preparation for retirement.
Amended Tax Breaks for Georgia’s Senior Taxpayers
Certified Public Accountant Tammie Hendricks joins Bil Lako, CFP® and Ted Parrish, CFA announcing good news about increased tax breaks for Georgia’s seniors.
2011 IRA Contribution Limits
There are several qualifications to make a contribution to either a Roth or a Traditional IRA. The first is that you must have earned income. Whether married filing jointly, or a single individual, there are income and contribution limits for both types of IRAs. For more information about the 2011 IRA contribution limits and laws regarding them, read this Financial Strategy.
Opening an IRA for a Child
C.P.A. Kathy Moore-Nietrzeba joins “Money Talks” to answer a listener’s question about establishing an IRA for his child.
To Convert or Not to Convert
For 2010, the AGI restriction on converting a traditional IRA to a Roth IRA will be lifted. This will allow your wealth to grow tax-free, with no required distributions. For more information on converting a traditional IRA to a Roth IRA and one important caveat to take into consideration when doing so, read this C.P.A. insight
Retirement Plans
Companies can choose from several different types of retirement plans, each with a varying levels of complexity and involvement in the way of employer contributions. For more information on the contribution limits and requirements for several common plans, read this C.P.A. Insight.