WealthTrace Financial Planning & Retirement Planning Blog


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  • A Look At The New Inherited IRA Rules

    by Doug Carey | Apr 08, 2020
    It used to be--and still is, in the case where the original owner of the IRA died before the end of 2019--that owners of traditional IRAs inherited from someone other than the original owner's spouse only had to take annual required minimum distributions. Otherwise, an IRA could be passed on, theoretically, for generations.
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  • How Emerging Markets Can Fit Into A Retirement Portfolio

    by Doug Carey | Feb 24, 2020
    Taking some risks with your portfolio can lead to higher returns over time. Over time" is important; in the short run, high risk can do damage to a portfolio--and a retirement plan. Emerging markets investments have a place in most portfolios. The question is how much.
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  • The Benefits Of A Backdoor Roth IRA

    by Doug Carey | Feb 04, 2020
    A backdoor Roth IRA is completely legal and most online brokers have systems set up to handle it. There is also no income restriction on this strategy. Here is how it works: Basically, you contribute money to a traditional IRA and then immediately convert it to a Roth IRA. The money in the Roth now gets to grow tax-free and when you withdraw the money in retirement, you won’t pay any taxes at all on the withdrawal.
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  • Are You Paying Too Much For Your Investments?

    by Doug Carey | Jan 13, 2020
    High fees can take a big bite out of your investments. Index funds, with low fees and passive management, normally outperform their more expensive, actively managed peers over time. It's a good idea to review your investments on an annual basis to make sure fees are reasonable and asset class balances are where you want them.
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  • Taxes Could Be Going Up Soon: How It Impacts Retirement Plans

    by Doug Carey | Dec 05, 2019
    At the end of 2025, federal income tax rates are scheduled to go back to where they were before the Tax Cuts and Jobs Act (TCJA) of 2017. Many expect Congress to extend the tax cuts, at least for lower brackets, but nothing is guaranteed. If tax rates are set to increase, Roth IRA conversions today would make more sense for many people.
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