If you trade stocks and have capital gains, or sometimes losses, after you are retired and only one spouse trades, how does this affect your Social Security and Medicare costs? In this Q&A article by Karin Price Mueller for NJ.com, Modera Financial Advisor Brian K Schiess, CFP®, EA, helps shed light on this question.
“I retired. How much can I save to my Roth IRA?” Stephanie Spies, CFP® walks through the various requirements to take into consideration if you find yourself asking the same question. Read more in this Q&A article by Karin Price Mueller for NJ.com.
Under current tax laws, you can withdraw funds tax-free from a Roth IRA after a conversion — with certain exceptions. In this Q&A article by Karin Price Mueller for NJMoneyHelp.com, Kelly Henning, CFP®, MSFS shares her insights into these exceptions.
Can I convert some of my traditional IRA to a Roth? A common question that Mindy Neira helps to answer by addressing some potential implications of this taxable event and how the law around Inherited IRA and Roth IRAs has changed. Read more in the full Q&A article by Karin Price Mueller for NJ.com.
The IRS has left employee contribution limits unchanged from 2020 for 401(k) and other retirement plans. Why revisit if the limits haven’t changed?
As financial planners we are often asked, “Will I be OK in retirement?” The checklist below illustrates different items to think about as retirement approaches, from ten years before to right after retirement begins. The earlier one starts planning for retirement, the more prepared one should be not only financially, but also emotionally.
Modera’s Michael Gibney shares perspectives in this article about Roth IRA conversions. Many investors took advantage of the pandemic-induced market decline early this year to do big Roth IRA conversions. Learn how Roth IRA conversions work and who can benefit from them.
As the last quarter of the year is approaching, now is a great time to check in with your finances and make sure you are on track with your savings goals. With each calendar year, many of us have the opportunity to contribute to retirement plans through our employers.
A “spousal” Individual Retirement Account (IRA) allows a spouse with little or no compensation from employment to open a separate IRA and complete contributions based on the other spouse’s income. I’ve put together this quick guide to help you evaluate whether a spousal IRA might be beneficial for you.
Modera’s own Chief Investment Officer, George Padula writes about constructing a retirement portfolio to help you sleep better at night, in this article published on TheStreet.com