Considering a Roth IRA Conversion:  Why it could make sense to pay taxes on retirement savings sooner versus later

Considering a Roth IRA Conversion: Why it could make sense to pay taxes on retirement savings sooner versus later

Our clients are savvy consumers, and we encourage them to plan carefully for retirement.  That means we welcome the opportunity to help take a long view on tax planning and map out long-term tax saving strategies.

Roth conversions are one such strategy.  Rob Williams, a director of financial planning, retirement income and wealth management with Charles Schwab, offers the following tips: https://www.schwab.com/resource-center/insights/content/3-reasons-to-consider-roth-ira-conversion

 Our team at Nichols & Company is here to help you measure the benefit of IRA conversions. Feel free to call our office at 614-891-5423 to make an appointment to discuss your personal situation.

 

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Thinking ahead to tax season: Do you know what’s taxable?

Thinking ahead to tax season: Do you know what’s taxable?

The tax laws have changed. Take Kiplinger’s Personal Finance Quiz to find out if you know what IS and what IS NOT taxable. If your results show you need more help with determining what is taxable, please feel free to give our office a call. Your accountant will be happy to help you determine what you need to include on your 2018 tax return!

https://www.kiplinger.com/quiz/taxes/T055-S003-is-it-taxable/index.html

 

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