Congress has set its sights on mega-IRA balances, in large part due to the recent reports about Peter Thiel’s $5 billion Roth IRA. But some of these proposals will impact many other clients with ...

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Watch your nest egg, particularly if it is extra-large. As Congress scrambles to hike taxes on the wealthy and fund trillions of dollars in social spending, legislators see a potential goldmine in ...

There are many reasons to open and contribute to an Individual Retirement Account (IRA), particularly a Roth IRA. Roth accounts are pre-tax. This means all contributions grow tax-free so long as ...

House Democrats are reviving changes to individual retirement accounts containing millions of dollars as lawmakers look to finalize the taxes on the wealthy to finance President Joe Biden’s agenda.

President Biden, who has never pulled punches about his desire to increase taxes on the wealthy, has proposed a 2025 budget that would substantially hike taxes on wealthy taxpayers who hold large IRAs ...

Democrats are getting more revenue they can count toward paying for their roughly $2 trillion social spending and climate package thanks to tweaks to a provision that would set new limits on how much ...

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Backdoor Roths and mega backdoor Roths are strategies used by high earners who aren’t eligible to contribute to Roth IRAs due to the income limits. The backdoor Roth and mega backdoor Roth strategies ...

A Roth IRA is a great way for savers and investors to grow wealth. The advantages include tax-free growth on money withdrawn after age 59½, assuming the account has been open for at least five years.