Could 2019 Be A Good Year to Convert Your IRA?

The IRA conversion issue isn’t a one-time decision. Whether or not a conversion is a good deal for you depends on a number of variables, but a couple of the variables could favor a conversion in 2019. As always, this is something I’d be happy to discuss and analyze with you. Until we can meet, check out this article from Forbes about why this year might be a good one to convert your IRA.

 

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Contributions to a traditional IRA may be tax deductible in the contribution year with current income tax due at withdrawal. Withdrawals prior to age 59 1/2 may result in a 10% IRS penalty tax in addition to current income tax. Traditional Ira account owners should consider the tax ramifications, age, and income restrictions in regards to executing the a conversion from a Traditional IRA to a Roth IRA. The converted amount is generally subject to income taxation. The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

12 Essential Tasks For the Garden

Does your garden need spring cleaning? Spring is just around the corner, and for gardeners, that means pruning, dividing, mulching, and preparing now.  These twelve tips will help your garden look its best.

Is Your Investor Hindsight 20/20?

How many times have you checked the news only to triumphantly proclaim, “I knew that was going to happen!”  You might feel perceptive, but there are few predictable outcomes when it comes to the stock market. What’s a responsible investor to do? Click here to find out how to tailor a well-diversified portfolio in order to help keep you on the right track toward your goals.

 

 

 

Loring Ward, Pugh-Bellmar Financial, and LPL Financial are separate entities. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and inso guarantee of future results. All indexes are unmanaged and my not be invested into directly.
The standard &Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

It’s OK to Be Emotional About Your Portfolio

The textbooks may be wrong. Investors are not often rational creatures and won’t always be comfortable with the “perfect” investment plan. Perhaps some favor only domestic stocks even though having a globally-diversified portfolio can be more economically advantageous. New research explores how some investment decisions ruled by our “wants” rather than what’s considered good for us allow us the freedom we crave and help to balance our financial and non-financial desires.  Click on the image to read more. 

The Perils of Trying to Avoid the Worst Days in the Stock Market

Even if you somehow missed some of the worst days in the stock market, you would inevitably also miss the best days. Both are completely unpredictable — though they often occur close to each other. This is why the wisest plan is to stick to your long-term goals and not worry about when to be in or out of the market. Click the link bellow for more information on why it’s best to ride out market volatility.

Perils_of_Avoiding_the_Worst_Days_Blog___Loring_Ward

Keep Your Brain Young with Music

Something enjoyable you may already be doing every day is making your brain sharper. Recent research shows that listening to music (or playing an instrument) gives your brain a total workout. Benefits include memory boost, lower blood pressure, and enhanced sleep quality. So bring on the Beethoven or Beach Boys, and click on this photo for more information about how the music you love can help keep your mind sharp!

Do You Need to Check Your Withholding?

Under the new tax laws, fewer people will need to itemize deductions. If you itemize, consider checking now to see if you’re withholding enough from your paycheck. The IRS Tax Calculator will assess any adjustments that should be completed as soon as possible to avoid overpaying or owing a penalty at tax time.