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Maximize the benefits of investing in IRAs
- Review the basics of IRAs and dig into the critical details
- See what “covered by a qualified plan” means
- Uncover unique investment ideas for the IRA
- Learn how and when to undo a Roth conversion
- See how and when to establish an IRA
- Review a detailed analysis of the numbers - Roth vs.
traditional
- Understand the limitations on deductible IRAs and
spousal IRAs
- Know the benefits of a nondeductible traditional IRA
- Use tax credits to help fund an IRA
- Find out how to invest IRA assets in real estate (and when
not to)
- Watch out for prohibited investments
- See how to correct an IRA rollover that went bad
- Understand when you should convert a traditional IRA to a Roth
- Uncover the hidden pitfalls of taking IRAs in equal distributions prior to 59½
- Compare required distribution for spouse versus other beneficiaries
- Beware of IRA penalties and see how to get IRS
forgiveness
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Starting, Contributing, Investing, Rolling Over, Converting, Distributing, and Leaving Behind
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| About the Author: Tim Hilger, CPA, is associate editor of Spidell’s California Taxletter® and editor of Spidell’s Analysis & Explanation of California Taxes and Spidell’s Elder Client Planner. Tim presented Spidell’s “Taxation of foreclosures: New laws, old problems” audio conference. He has authored innumerable articles, reports, and self-studies on tax, financial, and accounting matters. He has a Bachelor of Science in business administration (accounting) from California State University, Long Beach and a Master of Science in taxation from Golden Gate University. |
