Ed Slott
Ed Slott
Ed Slottis a financial expert in the United States. He is an author and public speaker providing training in IRAsand retirement distribution planning. He has been a collaborative creator of three nationally-aired Public Television Specials and is a practicing CPAbased in Rockville Centre, New York...
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It isn't a killer deal to drop 2 percent. Only if it's a huge holding. But the bigger the holding, the more market risk there is. I wouldn't bank on that.
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You may think you will be in a lower tax bracket later, but you don't know.
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If there's one generalization you can make, it's that Roth IRAs are for younger people, but that may extend up as high as 50, depending on the circumstances,
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You've got to watch your income this year like no other year, ... Your Tax Questions Answered.
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It's a nightmare, ... Your Tax Questions Answered.
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The rulings are like the Nielsen ratings. Everybody who goes for a ruling probably represents tens of thousands of taxpayers who have the same problem, but didn't even know they could find relief.
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This way, if there are any problems, all the retirement money isn't at risk.
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Look at the score at the end of the #game.
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There are no extensions for IRA contributions, even if you have an extension to file your tax return.