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Retirement Tax Blog

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How to Deal With The Recent Stock Market

By Watson CPA Group (Google+) Posted November 22, 2015   The stock market is something that doesn’t make sense to a lot of people. How can my money turn into more by representing this invisible form of ownership? This confusion is why there are people who invest your money for you. But even with that…

Considering a Roth Conversion

By Jason Watson (Google+)   Roth IRAs present a great opportunity to taxpayers to choose when to pay tax on retirement savings. Traditional IRAs defer taxes until withdrawals during retirement, while Roth IRAs tax contributions during your working years.   The general rule of thumb on Roth conversions is that if your tax rate during…

MyRA – The Retirement Plan Jumpstart

By Watson CPA Group (Google+)   Opportunity for all was the hallmark of President Obama’s surprise announcement of a government backed retirement savings plan. The plan is aimed to expand retirement savings opportunities for those not offered workplace retirement benefits. Officially pegged the “MyRA”, the investment vehicle offers a low cost, low risk jumpstart, to…

In-Plan Roth Rollovers Offer Tax Opportunities

By Watson CPA Group (Google+)   Prior to last year’s “fiscal cliff,” or American Taxpayer Relief Act (ATRA), Roth in-plan rollovers were seized by eligibility rules. Yet, the signing of the legislation liberated the rules, significantly expanding in-plan Roth rollover opportunities for 401 (k), 403 (b), and 457 (b) government retirement plans.   Previously, in-plan…

High Income Earners Can Contribute to Roth IRAs Using A Backdoor

By Watson CPA Group (Google+)   When it comes to saving for retirement, making too much money means that the tax code leaves you behind in all aspects- education deductions, health costs, itemized deductions and retirement. Yes, retirement! Specifically, for those who want to invest in Roth IRAs, once the income limits have been reached…

Don’t Get Stiffed By The Rules of the Self Directed IRA

By Watson CPA Group (Google+)   While the traditional IRA is the path many take to fund their retirement, some people like the option of paving their own investment path. Unlike the traditional IRA that invests in stocks, bonds, and mutual funds, the self directed IRA invests in non-publicly traded business alternatives. Investments can range…