IRA, SEP & 401-K Resource/Mutual Funds Archives -

Is it Possible to Reverse a Roth Conversion?

As part of the Tax Cuts and the Jobs Act that were enacted in 2017, Congress eliminated the provision that made it possible for people to undo a Roth conversion. This conversion was called a recharacterization. This means that when deciding to convert your traditional IRA, it better be a conscious decision. Fortunately, if you made the decision to convert your traditional IRA prematurely, Roth conversions are almost always a good idea. Converting something in […]

What Life Insurance Policy Works Best For You?

When it comes to a life insurance policy, there are so many options at your disposal that can help protect your family in case of any sudden unfortunate eventualities. Basically, life insurance policies fall into two main categories; term and permanent life insurance. With a term life insurance policy, the coverage is usually for a limited period of time say 10 years. If you die within that timeframe, the money is paid to your beneficiaries. […]

Term Vs. Whole Life Insurance Policies: Which Is Better

When shopping for life insurance policies, most people have to make a choice between term life and whole life insurance policies. These two life insurance policies are perhaps the oldest varieties of insurance and remain among the top most popular types of insurance policies. Shopping for life insurance policies is not fun, it is a daunting task, one that requires you to do a lot of research to determine what best works for you. These […]

What are 7702 retirement plans: Growing Wealth Safely and Securely Without Taxes

All employees and entrepreneurs are eligible for the 7702 plan. Basically, this plan may be used as a retirement savings plan, but not so often. This plan derives its name from Section 7702 of the Internal Revenue Code and does not constitute any type of tax-deferred savings plan such as 401(k) or 403(b) plans. Understanding the Section 7702 The section defines the criteria that the cash value of the life insurance policies have to meet […]

Entrepreneurs Need To Think Outside the Box

Undoubtedly, by now we are all familiar with the quote, “think outside the box” but very few people pay attention to what that quote actually means. We rarely question why it is a good thing and how it can be beneficial to your line of work or business. Thinking outside the box means that you are simply allowing more perspective and are willing to view things differently, consider different solutions and methods to fulfill your […]