Tagged: taxes

12

Opening an Educational 529 Plan

529 plans were created in 1996 and are named after section 529 of the Internal Revenue code. They are operated by state or educational institutions and provide tax advantages when the funds are used to pay for college or other post-secondary training. Earnings are not subject to federal or state...

13

End of year tax planning for 2016

With the end of the year coming up quickly I decided to sell a couple of companies that I have losses in and buy them back in early January to lock in those losses. Buying back the same stock is possible if you wait over 30 days to buy it...

4

Taxable and Tax-Free Portfolio Allocation

A reader of this blog by the name of Jeff recently wrote a great comment that I felt warranted its own post. Here’s his comment: Hi Scott, Great site !I stumbled across your blog in pursuit of dividend growth investing. Even though this post is from 2014, i’m still hoping...

2

Roth IRA Conversions & Purchase of BAC

I usually try to max out my Roth IRA as early as possible each year in order to maximize the effects of compounding. Due to the high cost of living in Chicago this year, I was unable to contribute $5,500 until recently. However, rather than contribute directly into a Roth,...

5

Why the Roth IRA is right for me

I recently read an article on Financial Samurai entitled, “Disadvantages Of The ROTH IRA: Not All Is What It Seems.” It really got me thinking because I currently invest in a Roth IRA and have recommended that others invest in them as well. Is a Roth IRA really the correct...