ROTH IRA

August 4, 2020 | Alvin Carlos, CFA, CFP®

Blog: How to Do a Backdoor ROTH IRA in 3 Easy Steps!

You no longer qualify for a Roth? You can still get huge tax savings by doing a Backdoor Roth. There’s a tax loophole that makes this possible. This video explains 3 easy steps on how to do a legal Roth hack as well as some common pitfalls to avoid!  

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July 5, 2019 | Alvin Carlos, CFA, CFP®

7 Ways the New House Bill May Affect You

The House recently passed the Secure Act – what does that mean for your personal finances? Watch District Capital’s Alvin Carlos’s recent analysis into the ways in which the new bill (expected to be signed into law) may affect you.

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November 13, 2017 | Mark Avallone, MBA, CFP®, CRPS®, AIF®

Why Now may be a Bad Time for a Roth Conversion

Roth IRAs and Roth 401(k) plans represent one of the few tax advantaged ways for Americans to invest. These Roth investment products allow you to make an after-tax contribution into an investment account. Subject to certain terms and conditions, they also allow for tax-free growth and tax-free withdrawal of dividends, interest, and capital gains. In […]

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August 30, 2016 | Mark Avallone, MBA, CFP®, CRPS®, AIF®

Financial Tips For Parents With Students Heading To College

To paraphrase Jim Morrison, summer’s almost gone. While it was hopefully fun filled and full of great memories, for many young people this summer was also a chance to earn a few dollars before heading back to college. During the summer, the labor force participation (LFP) rate among youth aged 16 to 24 generally increases. […]

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May 31, 2016 | Mark Avallone, MBA, CFP®, CRPS®, AIF®

8 Money Mistakes 30-Somethings Make

This is the second installment of my two-part series on top financial mistakes to avoid in your early 30s. Earlier, I spoke of how detrimental a lack of discipline or to a written financial plan can be. In the final four mistakes below, I address the most common missteps with 401(K) investments, taxes, and insurance. 1. […]

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February 16, 2016 | Juanita Farmer, CPA

Roth IRA’s: The Basics

A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a traditional IRA. For example, to be considered a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. A deemed IRA […]

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