Category: Financial planning
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IRA to ROTH conversion: The Basics
Roth conversions are often used as a retirement tax planning tool. They offer the opportunity to pay taxes now — often at a lower rate — in exchange for tax-free withdrawals later in life. In this post, we’ll walk through the standard, conventional guidance for when and why to convert funds from a traditional IRA…
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A Beginner’s Guide to Investment Account Types
When it comes to investing, choosing the right type of account is just as important as choosing what to invest in. Investment accounts come in several forms, each with its own rules, tax implications, and best-use scenarios. Whether you’re saving for retirement, a child’s education, or simply building wealth, understanding the types of accounts available…