If you’ve ever considered convertingyour traditional IRA to a Roth IRA… Why? Because the financial fallout from the COVID-19 crisis has created a once-in-a-lifetime opportunity to do a profitable Roth IRA conversion. You see, you’ll be able to make the conversion at an affordable tax-cost and protect yourself against future tax-rate increases. You’ll get the whole … [Read more...]
Retirement
Sorted by Date
COVID-19: New SBA Loans for Small Businesses—Maybe a Great Deal
___________________________________________________________I hope this issue of the Tax Reduction Letter finds you and your family in good health. Warmest good wishes at this difficult time from all of us at the Bradford Tax Institute.___________________________________________________________ I don’t have to tell you that the terrible COVID-19 virus pandemic has devastated … [Read more...]
Eight Answers to Questions About the SECURE Act
In late December 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement Act” (SECURE). If you have questions about how the new SECURE Act affects your retirement and Section 529 planning, you are not alone. We’ve received many questions from readers of the Tax Reduction Letter that deal with the impact the SECURE Act will have on their retirement … [Read more...]
Top 8 Changes in the New SECURE Act You Need to Know Now
As year-end approached in 2019, all was not deadlocked in Washington. You see, on December 20th the president signed off on an important new law called the Setting Every Community Up for Retirement Enhancement Act of 2019, also known as the SECURE Act. The new law, explained in my new article, makes significant changes in how you can… Save money for retirementUse your … [Read more...]
A Solo 401(k) Could Be Your Best Retirement-Plan Option
Do you operate as a sole proprietor? Do you want to know which tax-advantaged retirement plan makes the most sense for you? Then consider going with a “solo 401(k)” plan. What’s the most important advantage of going the solo 401(k) route? It potentially lets you make much larger annual deductible contributions to your account, and lets that money grow over time, tax … [Read more...]