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Tag Archives: Roth IRA

Putting your tax refund to work

According to a recent TD Ameritrade poll, 47 percent of U.S. taxpayers expect a refund this year. The important question to ask is: What do they plan to do with the money? The answers may surprise you. While 15 percent of the survey respondents indicated they would spend their refunds on discretionary purchases, 47 percent said they would save the ...

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TROTTER: Last-minute tax reminders for 2012

Every year, the IRS enacts certain changes to the tax code; some large — but most fairly small. There are those situations, however, where some changes to the tax code don’t receive as much notice as they should. This year is no exception. Here is a rundown of what may affect some taxpayers this year. Don’t forget Form 8949 — ...

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Many are sold on need to convert to Roth IRA

  To convert or not to convert – that is the question many investors are asking themselves as 2010 approaches. Beginning Jan. 1, traditional IRA owners will have the opportunity to convert their investment into a Roth IRA, a form of IRA in which the contributions are not dedicated for income tax purposes, but the withdrawals are tax-free. Unless Congress ...

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