IRA
Do I have to take my IRA’s required Minimum distributions?
We hope you found this video useful. We strive to keep you abreast of the most important financial planning topics. Please contact us with your retirement planning questions. Get a FREE Second Opinion on Your Retirement Income Plan, Taxes, Wills & Trusts. Click here to request your Personalized Income Plan Review or call us at…
Read MoreWhat are an IRA’s Required Minimum Distributions (RMD) and how does it work?
We hope you found this video useful. We strive to keep you abreast of the most important financial planning topics. Please contact us with your retirement planning questions. Get a FREE Second Opinion on Your Retirement Income Plan, Taxes, Wills & Trusts. Click here to request your Personalized Income Plan Review or call us at 800-511-4048
Read MoreWhen does a Roth Conversion make sense?
We hope you found this video useful. We strive to keep you abreast of the most important financial planning topics. Please contact us with your retirement planning questions. Get a FREE Second Opinion on Your Retirement Income Plan, Taxes, Wills & Trusts. Click here to request your Personalized Income Plan Review or call us at…
Read MoreIs a Trusteed IRA a Good Strategy for You?
Leaving a legacy to your loved ones may be important to you, but when the time comes for your beneficiaries to receive your IRA assets, are you confident they will use their inheritance in a way that you’d want them to? There are options available for you to have varying levels of control over how…
Read MoreLeaving a Legacy: 3 Differences Between Life Insurance and Roth IRAs
About the Author: Robert E. Grace, JD, CLU, ChFC, RFC is an Investment Adviser Representative and Master Elite IRA Advisor. As Founder & President of Grace Tax Advisory Group, LLC. , he has helped thousands of clients prepare for retirement through his proprietary planning process. Grace is also a best-selling author and radio show host. Learn more about Bob.…
Read MoreCalculating Your RMD in 5 Easy Steps
About the Author: Robert E. Grace, JD, CLU, ChFC, RFC is an Investment Adviser Representative and Master Elite IRA Advisor. As Founder & President of Grace Tax Advisory Group, LLC. , he has helped thousands of clients prepare for retirement through his proprietary planning process. Grace is also a best-selling author and radio show host. Learn more about Bob.…
Read More8 Things to Know Before the October 16 IRA Recharacterization Deadline
Did you convert your traditional IRA to a Roth IRA in 2016 and now you are reconsidering that move? Did you make a 2016 traditional IRA contribution and later discover the contribution was not deductible? Did you contribute to a Roth IRA, not knowing that your income was above the limits for eligibility? If you…
Read MoreDownload: Recharacterizing a Roth Conversion in 5 Easy Steps
About the Author: Robert E. Grace, JD, CLU, ChFC, RFC is an Investment Adviser Representative and Master Elite IRA Advisor. As Founder & President of Grace Tax Advisory Group, LLC. , he has helped thousands of clients prepare for retirement through his proprietary planning process. Grace is also a best-selling author and radio show host. Learn more about Bob.…
Read More7 IRA Questions to Ask Before You File Your Tax Return
1) Did you make a deductible IRA contribution for 2016? If yes, make sure the deduction is reflected on line 32 of your Form 1040. 2) Did you make a non-deductible IRA contribution for 2016? If yes, make sure the contribution is reported on Form 8606. The contribution will not, however, be reported anywhere on your Form…
Read MoreCan You Pass This IRA Beneficiary Quiz?
Most people think it is easy to leave an IRA to their heirs. But is it? The following is a quick quiz. How many of these beneficiary questions can you get correct? The answers are at the end of the quiz. Questions 1. The IRA owner has four children. He names the oldest child as…
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