Tag: RMD

Here’s What High-Earners Need To Know About Roth Conversions

Roth conversions are here to stay (for now), so here’s what they are, how they work, and how high-earners can consider leveraging them throughout their careers. What Is A Roth Conversion? A Roth conversion is a strategy that allows you to convert all (or a portion) of your pre-tax retirement accounts (IRA, 401k, etc.) into […]

The CARES Act and Suspended Required Minimum Distributions

The newly enacted CARES Act has suspended Required Minimum Distributions (RMDs) from retirement accounts for 2020, including inherited retirement accounts. This measure will provide some financial relief to those who do not need to take withdrawals from retirement accounts while the account values are low. RMDs are calculated using the account holder’s life expectancy and […]

Financial Moves To Make Before Year End

As the end of the year approaches and the exciting frenzy of the holiday season commences, don’t forget to set aside some time to review these financial moves you should make before the end of 2016. For the most recent contribution limits, gifting thresholds, and RMD rules, please refer to IRS.gov. 1) Deplete your FSA:  […]