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IRAs

My Top Three Reasons to Do a Roth IRA Conversion

February 6, 2019 by Fred Leamnson 3 Comments

In this post, I'll cover my top three reasons to convert to a Roth IRA. Prior to the Tax Cuts and Jobs Act, recharacterization offered you the ability to undo the Roth conversion, making it like it never happened, The tax law eliminated that option. This has caused many to reconsider whether converting to a Roth IRA makes sense. However, if you make too much money to … [Read more...] about My Top Three Reasons to Do a Roth IRA Conversion

Is the Backdoor Roth IRA Right for You?

December 7, 2018 by Fred Leamnson 2 Comments

Photo of sitcky pads with words ira, roth, 401k next to a piggy bank and calulator

As we near the end of the year, I thought it would be a good idea to review the benefits of a backdoor Roth IRA. Many people have incomes too high to allow them to contribute to a traditional IRA with pre-tax money. Though income limits are higher for Roth IRA contributions, there is still a limit. The backdoor Roth IRA is a way to get around the income limits imposed by the … [Read more...] about Is the Backdoor Roth IRA Right for You?

What You Need to Know about Inherited IRAs

December 5, 2018 by Fred Leamnson 2 Comments

Photo of Inherited IRA documents on a table.

There is a lot of confusion about what you can do with inherited IRAs. In today's post, I'll tell you what you need to know about inherited IRAs to make good decisions about them. There are required minimum distributions to consider. You also need to understand how to name your beneficiaries. There are special rules and exceptions for spouses, and many other things to … [Read more...] about What You Need to Know about Inherited IRAs

Naming IRA Beneficiaries – 7 Things You Need to Know

March 6, 2018 by Fred Leamnson Leave a Comment

Image of a greeting card with IRA written on it next to a piggy bank sitting on a calculator

Beneficiary designations are something people often forget about when preparing for retirement. That can be a very costly mistake. This post offers 7 things you need to know. The bottom line: IRA beneficiaries matter - A LOT! In my financial planning practice, Leamnson Capital, I often review retirement account (IRAs, 401(k)s, etc.) beneficiary designations for the people I … [Read more...] about Naming IRA Beneficiaries – 7 Things You Need to Know

IRS Updates Roth Recharacterization Rule

January 25, 2018 by Fred Leamnson Leave a Comment

Roth Recharacterization rule Recently, I read the following announcement: IRS updates Roth recharacterization rule.  In December, I wrote a post (link below) about a significant change to the rules for recharacterizing Roth IRAs conversions. The change basically took away the option. After researching the IRS update (and since I wrote about it), I wanted to bring … [Read more...] about IRS Updates Roth Recharacterization Rule

Which Should You Own – a Roth IRA or Traditional IRA?

January 11, 2018 by Fred Leamnson Leave a Comment

Image of a Nest With Money And Egg With Ira On It

Do you own an IRA? Are you thinking about it? If so, which should you own - a Roth IRA or Traditional IRA? The answer for you may be both. There are benefits to each that we will explore in this post. This post will not include a discussion about investments in your IRA. I'll save that for another day., We will discuss in some detail how each IRA works. What are the … [Read more...] about Which Should You Own – a Roth IRA or Traditional IRA?

Rules and Deadlines for Required Minimum Distributions (RMDs)

December 15, 2017 by Fred Leamnson Leave a Comment

Image of Paper with words RMD required minimum distributions

Since the penalties for not getting required minimum distributions (RMDs) right or severe, I thought it would be a good time to review the rules and deadlines to help you get it right. RMD rules are complicated and making mistakes by not following them are costly. If you miss taking an RMD or take out less than what is required, you will pay a 50% penalty. Yes, you read that … [Read more...] about Rules and Deadlines for Required Minimum Distributions (RMDs)

IRS Brings Major Change to Roth IRAs with New Tax Law

November 16, 2017 by Fred Leamnson Leave a Comment

If you own or are thinking about starting a Roth IRA, you need to know that a major change is coming to Roth IRAs. Both the House and Senate proposals include this change. Let me start by saying that I am a raving fan of Roth IRAs. They have many advantages over traditional IRAs. If you have traditional IRAs or company retirement plans, once you reach age 70 1/2, the IRS … [Read more...] about IRS Brings Major Change to Roth IRAs with New Tax Law

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How to Know If You’re Ready for Retirement

February 14, 2019 By Fred Leamnson 4 Comments

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What You Need to Know about Your Old 401(k) Plan

February 11, 2019 By Fred Leamnson 4 Comments

My Top Three Reasons to Do a Roth IRA Conversion

February 6, 2019 By Fred Leamnson 3 Comments

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About

Hi, I’m Fred Leamnson.  On this page, you’ll find everything you need to know about me (well, maybe not everything but the important stuff!)

I spent most of my career (which started a LONG time ago, more on that in a minute) in the conflict-ridden bank brokerage business. Eventually, I grew tired of the pressure to serve the firm over my clients and launched my own business. I formed Leamnson Capital Advisory, LLC in 2011.

Recent Posts

  • How to Know If You’re Ready for Retirement
  • What You Need to Know about Your Old 401(k) Plan
  • My Top Three Reasons to Do a Roth IRA Conversion
  • Is My Social Security Income Tax-Free?
  • How to Create a Budget that Works (from Financial Freedom)

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