Plan for 2010 Roth Conversions
Starting in 2010, all taxpayers, regardless
of the amount of their adjusted gross income (AGI), can convert
a traditional individual retirement account (IRA) to a Roth IRA.
Before 2010, your AGI cannot exceed $100,000 to convert, not including
any income resulting from the conversion.
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Rollovers for Nonspouse Beneficiaries Are Complicated
The Pension Protection Act of 2006 contained
a provision allowing nonspouse beneficiaries to roll over funds
from an employer pension plan to an inherited individual retirement
account (IRA), starting in 2007. This was viewed as a significant
development for nonspouse beneficiaries, since they would be able
to extend distributions from employer pension plans over a longer
period.
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Take Another Look at Section 529 Plans
While section 529 plans always had significant
tax benefits, there was concern because many of those benefits
were scheduled to expire after 2010. However, the Pension Protection
Act of 2006 made many section 529 plan provisions permanent.
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Why Aren't 401(k) Balances Larger?
Originally, 401(k) plans were viewed as
a supplement to defined-benefit plans. Since it was presumed that
employees would have their basic retirement income needs covered
by Social Security benefits and employer-provided pension benefits,
they were given significant responsibility in 401(k) plan decisions.
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Common Investor Mistakes
Avoid these common investor mistakes when
making decisions about your investment portfolio...
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