2018 Contribution Limits for Retirement Accounts

Annual contribution limits for retirement savings accounts for 2017 and 2018, as established by the IRS, are listed below. Please keep in mind that contributions to Traditional IRAs, Roth IRAs, and SEP IRAs can be made up until the time your tax return is due, including extensions.   Core Wealth Management is a fee-only wealth management…


The “Back-Door” Roth IRA: Helping High Earners Keep More of Their Earnings

High earners who would otherwise be excluded from contributing to a Roth IRA may want to consider this strategy. If ever there were a tax-efficient saving vehicle, it is the Roth IRA. It can: Provide you with the double benefit of tax-free growth and tax-free withdrawals in retirement Is not subject to Required Minimum Distributions (RMDs)…