roth conversion

As April 15 inches closer, many are beginning to get their tax documents together and prepare to file their tax returns. However, there are many who don’t have all their tax documents by the requisite time, or who want a little extra time to make some savvy tax moves for their 2009 returns. In such [...]

To help you make the most of your 2009 taxes, here are some tax tips to help you organize, prepare, and take advantage of the available tax deductions and tax credits for 2009 tax year. Instead of trying to compile my own list, I reached out to a few personal finance bloggers to share their [...]

Prior to 2010, individuals were permitted to convert a traditional IRA to a Roth IRA under the tax law for Roth IRA conversion.  There were only two stipulations that governs the conversion: (1) you have to pay taxes on the converted money and (2) you must be within the income limit which determined your eligibility [...]

Up until about 10 years ago, there was one type of IRA, the traditional IRA which was deducted from your taxable income, grows tax deferred, and upon withdrawal, is taxed at whatever rate you find yourself. Its cousin, the Roth IRA is the mirror image, the money you put in is after tax money, but [...]

Converting to a Roth IRA is not new, so what with all the buzz about about this Roth IRA Conversion event in 2010? What makes it such a big deal is that up until then, most people couldn’t convert to a Roth IRA because their income was too high. For example, in 2009 if an [...]

In my TurboTax Online Review, I mentioned that I owe some federal income tax and is thinking about opening a SEP IRA, or a Simplified Employee Pension Plan. Aside from reducing my tax liabilities, I want to maintain my safe harbor from having to pay quarterly income taxes in 2009.
Since I am already doing my [...]

This is the 12th issue of the Ask The Expert column by Larry Swedroe. You can see Larry’s full biography and important disclaimer below. If you are interested in having your question answered by Larry, please send me an email via the contact page.
Now, let’s get to the questions and answers (please note that the [...]

I think we can sum up the cause of our current economic crisis in one word — GREED.  Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages.  But they did it anyway because there was nothing to lose.  These lenders were able to charge higher interest rates [...]

Now that the benefits enrollment for my company is over, I can start thinking about things that I could do before the end of the year to make my money work harder for me. Here are 22 ideas that I want to share with you.

Photo from morgueFile

Boost 401k contribution – I think I will hit [...]