Alternative IRA Investments And The IRS

Executive Summary To fulfill their intended purpose in supporting saving for retirement, Congress grants the Individual Retirement Account (IRA) certain tax preferences, from tax-deductible contributions (as in the case of traditional IRAs) to tax-free growth (for a Roth IRA). But to curtail potential tax abuse, the Internal Revenue Code also limits the range of permissible…

Alice in Financeland

My client, Alice, came in for her semi-annual review meeting recently and said (as many clients do), “I don’t like paying taxes.” Good news: You only pay taxes when you’ve made money. But that does not mean you should not try to minimize your taxes as much as possible. In Alice’s case, she was transitioning…