Summary: This week, on the Wise Investor Show, Greg goes over five items to discuss with your advisor in early March: 1) COORDINATING your Qualified Charitable Distributions (Charitable Giving from your IRA) with how much you're distributing each month from your IRA. 2) Examining if your Traditional IRAs have basis and are worth converting to the Roth 3) Super Turbo your savings to IRAs by contributing up to this year's AND last year's limits, for as much as $13,500 if you were above age 50 last year. Possibly as much as $27,000 to your IRAs if you're married. 4) Consider the Backdoor Roth IRA concept if you earn too much to qualify for a Roth IRA contribution outright and you don't otherwise have any money in a Traditional IRA. 5) Consider your Asset Allocation and Asset LOCATION. If you're converting money to the Roth IRA, should it have the same time horizon as it did when it was a Traditional IRA? To reach Greg Smith, call 571-203-1600. We manage investments for our clients. We'd be happy to help you plan your investment goals.
