In A Non-Deductible IRA Is Worth It For Me, I mentioned I’m going to establish a self-employed 401(k) plan, also known as a solo 401k plan or an individual 401k plan. This is in part for providing a safe haven in 2009 for the pre-tax money in my IRAs, in preparation for converting the remaining [...]
I have quite a few bond proposals on my November 4th ballot. I voted (by mail) for one measure for public transportation, another for public schools and against the others. What’s interesting to me is that the proposals all say there is no tax increase because the bond repayments will be paid out of the [...]
Bundled with the bailout bill, congress passed an extension of increased Alternative Minimum Tax (AMT) exemption amount. The exemption goes up from $66,250 in 2007 tax year to $69,950 in 2008 for married filing jointly and from $44,350 in 2007 tax year to $46,200 in 2008 for single or head of household.
With this increase, [...]
In Alternatives to a High Cost 401k Or 403b Plan , I mentioned non-deductible IRA as one of the options. If you are not eligible to contribute to a Roth IRA, you can still contribute to a Traditional IRA. Even though the contributions are not tax deductible, the money in the IRA still grows tax [...]
