Ready for your 2013 IRA Contributions? Last year, the Internal Revenue Service made many changes that effect your maximum contribution limits for all types of retirement accounts, including Roth IRAs, Traditional retirement accounts, SEP accounts, and 2013 Simple IRAs. Stay up to date on all the rules and deadlines with this super handy and attractive [...]

Ready for your 2013 IRA Contributions? Last year, the Internal Revenue Service made many changes that effect your maximum contribution limits for all types of retirement accounts, including Roth IRAs, Traditional retirement accounts, SEP accounts, and 2013 Simple IRAs. Stay up to date on all the rules and deadlines with this super handy and attractive [...]

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7 Things You MUST Know About the Roth IRA Rules for 2017

7 Things You MUST Know About the Roth IRA Rules for 2017

Roth IRA's are powerful and flexible financial planning tools. Here's 9 things I bet you don't know about them.: Roth Conversion Calculators Miss Some Things

Roth IRA's are powerful and flexible financial planning tools. Here's 9 things I bet you don't know about them.: Roth Conversion Calculators Miss Some Things

Over the past few years, I had a hunch I was making IRA contributions to the wrong accounts. I knew you could recharacterize after tax contributions like any other contribution, but I wasn’t sure of the rules.  For more backstory, I have a Rollover IRA from a previous 401k and a Roth IRA I established a few years ago. Tempted by a larger tax refund, I was contributing after-tax dollars to my Rollover IRA.

Over the past few years, I had a hunch I was making IRA contributions to the wrong accounts. I knew you could recharacterize after tax contributions like any other contribution, but I wasn’t sure of the rules. For more backstory, I have a Rollover IRA from a previous 401k and a Roth IRA I established a few years ago. Tempted by a larger tax refund, I was contributing after-tax dollars to my Rollover IRA.

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