Fiduciary vs. suitability standard
Originally published on Tahoe Daily Tribune’s website, http://www.tahoedailytribune.com/news/opinion/15276182-113/tahoe-truckee-market-beat-fiduciary-vs-suitability-standard President Obama is pushing the Department of Labor to make some changes to the rules regarding retirement accounts. He would like to see the industry standard for retirement account advisers raised to what’s known as the fiduciary standard. Under current law, retirement account advisers can operate under […]
What type of IRA account is right for you?
Originally published on Tahoe Daily Tribune’s website, http://www.tahoedailytribune.com/northshore/14995245-113/tahoe-truckee-market-beat-what-type-of-ira-account-is-right If you’re thinking about funding an IRA this year, you have until April 15, or the day you file your taxes, whichever is earlier, unless you file an extension. Which type of IRA you should establish depends on several factors, and there are calculators available online to […]
Should you make nondeductible IRA contributions?
Before you make a nondeductible contribution to your IRA account, be sure you understand how they work. If you have access to an employer sponsored retirement plan or if your income is above certain levels, you may not be eligible to make a tax deductible IRA contribution, but you could make a nondeductible contribution. The […]