Backdoor Roth IRA Contributions

Implementing a “Backdoor Roth” strategy is a terrific way to build after tax retirement balances.  Roth IRAs allow for annual non-deductible IRA contributions which grow tax-free and there are never any required distributions as with a tax deductible IRA.  This makes Roth IRAs a very appealing savings option for those … Read more »

Use Your Health Savings Account for Retirement Planning

Health Savings Accounts (“HSAs”) are a tax advantaged plan originally intended for people with high deductible health care plans.  The idea is that qualifying taxpayers can deduct their annual contributions into these plans, then withdraw the money, tax free, to pay for health care costs.  Since many taxpayers will not … Read more »

Older than 70 ½? Making qualified charitable distributions from your IRA could save you money

Qualified charitable distributions (QCDs) from individual retirement accounts have risen in popularity.  These QCDs allow seniors older than 70 ½ to make a direct transfer to charity, rather than taking their required minimum distribution (RMD).  Gifts are allowed (up to $100,000 total) in lieu of or in addition to their … Read more »

Worried About Having Enough $$ in Retirement? Maybe You Shouldn’t.

We counsel our clients that saving and disciplined investing for the long term are the keys to a comfortable worry-free retirement.  Hopefully, we’ve convinced many of our clients that they are on the right path to financial success. Good News for Retirement Planning As further evidence of this counsel, we … Read more »

2017-2018 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been a small increase in inflation for the past year, the contribution limits have risen slightly, and income thresholds have increased as well.  If you want to begin planning for your … Read more »

Owen Murray Contributes To An Article On Saving for Retirement

Horizon’s director of investments, Owen Murray, contributed to a recent article for usnews.com. Author Wayne Duggan spoke with a number of advisors to get their opinions about how people should think about retirement savings.  In his article titled, “2 Shortcomings Retirement Savers Can Fix”, Duggan says that you need to … Read more »

Important Birthdays for Your Retirement Planning

The website at www.thebalance.com has regular financial planning tips and ideas.  A recent post provides a list of important birthday milestones for retirees or soon-to-be retirees. We don’t think these birthdays compare to the thrill of becoming old enough for your first driver’s license, but they can be mightily important … Read more »