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Re: Definition of "Net of All Fees"

I have experienced first-hand how a slick-talking, extremely personable financial planner can dupe one out of tens of thousands of dollars. My wife and I had about $725,000 in our IRAs as of early 2009 with a diversified portfolio of stocks and bonds. The portfolio is currently worth about $900,000....
by RonF
Sun Sep 29, 2013 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Definition of "Net of All Fees"
Replies: 8
Views: 1838

Re: Converting IRA to Roth for beneficiaries?

Any other thoughts on this? Does it make sense to use RMDs to fund the conversion of a TIRA to a Roth over time?
by RonF
Fri Dec 28, 2012 2:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Converting IRA to Roth for beneficiaries?
Replies: 12
Views: 1093

Re: When should/could I rollover my TIRA to a Roth?

As livesoft indicated, a tax credit for FY 2011 does not count as FY 2012 earned income. Your 2012 IRA contribution cannot exceed your earned income for the year.
by RonF
Wed Dec 26, 2012 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: When should/could I rollover my TIRA to a Roth?
Replies: 2
Views: 293

Re: Starting Retirement Fund for Child

My advice: Strongly encourage your children to get part-time jobs early (after school, during summer, etc.). Give them an "incentive"-- lots of chores at home or a part-time job. Help them create a Roth and contribute an amount equivalent to their first $5k of their income. If they work fo...
by RonF
Mon Dec 24, 2012 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Fund for Child
Replies: 16
Views: 1196

Re: Converting IRA to Roth for beneficiaries?

Yes, lazy/sloppy writing.....thinking 3 yrs ahead when both are. Till then, only 1 meant............thanks for clarifying. Thanks for your thoughts. My wife will have to take her RMDs in three years. She has a larger IRA balance, so those RMDs will push us over $200k/year if I do nothing but take m...
by RonF
Sat Dec 22, 2012 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting IRA to Roth for beneficiaries?
Replies: 12
Views: 1093

Converting IRA to Roth for beneficiaries?

My wife and I are retired. Our combined income from pensions is approximately $150k. We both have IRAs (formerly tax deferred 401ks) but we have no need to touch those funds. I am now taking required minimum distributions and my wife will be in a few years. The minimum distributions put our total in...
by RonF
Fri Dec 21, 2012 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting IRA to Roth for beneficiaries?
Replies: 12
Views: 1093

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