Be Cautious With Hard-to-Value IRA’s – January 2017
A new year begins with celebrations, resolutions, and dual IRA opportunities. Most workers and their spouses have until April 18, 2017 (April 19 in some states), to contribute to an IRA for 2016. At the same time, contributions to 2017 IRAs are now permitted; the earlier money goes into the account, the more time for tax-deferred investment buildup.
What’s Inside
- Be Cautious With Hard-to-Value IRA’s
- The “Other” Exchange-Traded Funds
- Profit-Sharing Plans for Your Small Business
- Tax Calendar
Anecdotally, retirement finances formerly were based on a “three-legged stool.” After people stopped working and no longer had earned income, their cash flow would come from Social Security, personal savings, and a pension from a former employer. This pension would have been a traditional defined benefit plan, paid out for the retiree’s lifetime and perhaps for that of a surviving spouse.
and it was uncertain whether they would be renewed, with Congress’ action potentially not coming until extremely late in the year.