Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and claim the write-off on your 2019 return. Or you can contribute to a Roth IRA
Roth IRA Archives - Crawford Ellenbogen
May 28, 2020
There’s still time to make a deductible IRA contribution for 2019
- By Victor Dozzi
- Taxes
- 0 Comments
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Oct 16, 2019
Is a self-directed IRA right for you?
- By Ellenbogen
- Estate, Financial Planning
- 0 Comments
Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp up the benefits of these tools by enabling them to hold nontraditional investments that offer potentially greater returns. Self-directed IRAs offer the same estate planning benefits as traditional IRAs, but they allow you to transfer
Aug 22, 2019
Taking distributions from your traditional IRA
- By Ellenbogen
- Retirement, Taxes
- 0 Comments
If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (or a SEP-IRA). It’s critical to carefully plan for withdrawals. For example, if you need to take money out of your traditional IRA before age 59-1/2, the distribution will generally be taxable. In addition, distributions before age
Apr 4, 2019
Make a deductible IRA contribution for 2018 – It’s not too late!
- By Ellenbogen
- Deductions, Retirement, Trusts
- 0 Comments
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and
Jan 15, 2019
You may be able to save more for retirement in 2019
- By Ellenbogen
- Retirement, Taxes
- 0 Comments
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to defined contribution plans: $56,000 (up from $55,000) Contributions to SIMPLEs: $13,000 (up from $12,500) Contributions to IRAs: