Are you considering an IRA rollover? Whether you’ve recently left your employer or simply prefer the options an IRA has to offer, a rollover may be the right move for you. Keep in mind, however, that there are also several common pitfalls you can encounter by improperly executing a rollover.
Whether you’re a spouse who has inherited an IRA or you’re the retirement account owner, there are a number of rules you must know in order to avoid costly penalties rolling over your investments.
Today, Dennis and Heidi will share the most common rollover mistakes and other possibilities, as well as discuss what to do with your tax refund this year. Have you considered depositing it into your IRA?
Dennis Prout and Heidi Thompson discuss the importance of naming successor beneficiaries. In this episode they also help us understand the Roth IRA Rules.
Perhaps one of the greatest reasons to hire a CPA to file your taxes and help monitor your business is to protect yourself against what you don’t know. Your job is to be excellent in your line of work, and theirs is to watch out for you. When we came across an article in Kiplinger called “22 IRS Audit Red Flags,” we immediately realized that local CPA, Jon Sluis, should join the conversation. After all, isn’t the real question, “Can I get audited?”
Join Dennis and Jon today as they dig deep into the world of taxes and retirement planning. The two are inseparable.
Folks often ask us, “When is the best time to get serious about retirement?” The answer is usually, “Now.” Realistically, most people start getting serious about retirement about 10 years out. They start to look at their 401(k) at work, their savings, debts and, if they haven’t already, they open an IRA or consider converting to a Roth IRA. We found a few fun articles, “11 Moves to Make Before Retirement” and “10 Things You Spend Less On in Retirement.”
The show today will be the before and after retirement! Dennis and Heidi will tag team the topics and give you something to think about. After all, now is always a good time!