Posts Tagged: Roth IRA

A physician called last week to say he had decided to direct all of his 401k contribution for 2013 into the new Roth 401k that his practice had recently begun offering to participants. He even emailed his colleagues, urging them to do likewise! “If I pay the taxes on my contribution now with a Roth 401k, then later when it’s time to withdraw my money, I’ll have no further taxes to...

Read More

Ross Polking Thumbnail Photo

Savers Beware

Our government is at it again.  The proposed 2015 budget coming from the White House includes a few modifications to retirement accounts.  Most of the proposed changes reared their ugly heads in last year’s initial budget proposal, but all were eventually nixed before becoming law.  One new piece of legislation, however, targets Roth IRA accounts and would require those accounts be subjected to the same annual Required Minimum Distribution rules...

Read More