With tax time fast approaching, I often encounter confusion about what can and cannot be done with traditional IRAs and defined contribution [DC] plans in different scenarios. So, here are some pointers that might help you juggle the two....
Making Converts of Us
In case you haven’t heard — taxes are on sale! To take advantage of that, it means that 2018 could be the year for you to consider converting a traditional IRA into a Roth.... Thanks to the 2017 Tax Cuts and Jobs Act, nearly all Americans will benefit from reduced tax rates and an expansion of the amount of income subject to those newly reduced rates, due to broader tax brackets.