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PORTFOLIO PERSPECTIVE Want to put bitcoin in your IRA? Why experts say you may want to rethink that

News & Press

Tuesday, August 17, 2021

The entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May.

Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains.

 

If you’re like many investors, you may be wondering how you can get in on the action.That could include your retirement savings vehicles, such as individual retirement accounts.

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The ultra-wealthy have made full use of Roth individual retirement accounts. Here’s how you can do the same

News & Press

Thursday, June 24, 2021

Sometimes, it can seem like only rich people can benefit from the tax code.

Some ultra-wealthy individuals have amassed hundreds of millions — or even billions — of dollars in tax-sheltered Roth individual retirement accounts, according to a report released Thursday from ProPublica, an investigative news outlet.However, the strategy is generally available to anyone who wants to use it.

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Required IRA, 401(k) withdrawals would start at age 75 under congressional proposal. Here’s who would benefit

Contributing Articles

Thursday, June 17, 2021

The age when older Americans must start making withdrawals from retirement accounts could change yet again.

Under a provision in proposed retirement legislation pending in Congress, required minimum distributions, or RMDs, would start at age 75 by 2032, up from age 72 — which only took effect last year after the 2019 Secure Act raised it from age 70½.

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There’s one week left to contribute to 2020 IRAs ahead of May 17 tax deadline

News & Press

Monday, May 10, 2021

The extended tax-filing deadline gives many Americans extra time to contribute to certain investment accounts for 2020.

The IRS in March moved the due date for individual returns to May 17 from April 15 due to the coronavirus pandemic.It also confirmed in March that moving the filing deadline also pushed back the last day to contribute to individual retirement accounts and Roth IRAs for the 2020 tax year.

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A third of Americans file taxes at the last minute. Why that might be a bad idea

News & Press

Monday, May 03, 2021

The May 17 deadline for filing 2020 taxes is swiftly approaching.

If you haven’t filed your taxes yet, it’s time to start.

 

As many as 33% of Americans procrastinate doing their taxes and wait until the last minute, according to a recent survey by IPX 1031.The reasons taxpayers put it off vary — 40% say filing is too time-consuming, 22% said it’s too stressful and another 22% want to make sure they’re filing correctly.

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1 in 4 Americans don’t know the interest rate on their mortgage: Survey

News & Press

Wednesday, November 18, 2020

With jobs to hold down, children to care for, friendships to maintain, food to be bought and cooked, dishes to be washed and laundry to be done, it can be a challenge to keep up with all the details of your personal finances.

In passing, you may wonder: How many more months until my car loan is paid off?Or, before bed, you may get a jolt of anxiety about whether you’ll ever be able to retire.

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