The current tax code is set to expire in 2026. The article shows what has happened with tax rates since 2016 and what is scheduled to happen going forward until 2030. There are some notable changes beginning in 2026.

Tax, Financial Planning, Charitable GiftingErin Campbell, CPA/PFS, CFP®July 18, 2024financial planning, Personal Finance, distribution planning, Roth IRA, Roth Conversion, tax planning, income tax, Charitable Gifting, Qualified Charitable Distributions

Celebrate the Victories!

Are you the type of person who celebrates your personal victories? According to a number of psychological studies, celebrating victories—even the small ones, has an extremely positive impact on a person’s sense of happiness and well-being.

Chip Hymiller, AIF®, CFP®May 7, 2024401k, financial planning, Personal Finance, Economy, elections, 529 Plans, college planning, Saving for College, Roth IRA, Roth Conversion, Charitable Gifting, insurance

Confidently Confronting Uncertainty

Does the world feel out of control? There is so much uncertainty in the world and most investors feel powerless when it comes to investing and accumulating assets for long-term financial goals. And it is no wonder: some of the financial, economic and political challenges we are currently experiencing are on a global scale and unprecedented.

Investments, Retirement Planning, TaxErin Campbell, CPA/PFS, CFP®September 30, 2021financial planning, investing, Retirement Planning, tax planning, Economy, market turbulence, Roth Conversion, distribution planning

Estate Planning with Roth IRAs

Roth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs.

Estate Planning, Retirement Planning, Tax, Retiree, Pre-RetireeChip Hymiller, AIF®, CFP®March 9, 2021Estate Planning, IRA, Roth IRA, tax planning, distribution planning, required minimum distributions, Roth Conversion, income tax

Should I Consider a Roth Conversion?

In this presentation, Erin Campbell, CPA/PFS, CFP® discusses executing converting funds from an IRA to a Roth IRA (i.e. Roth conversion). She discusses everything from the reasons people should consider this strategy to the possible drawbacks.

Investments, Mid Career Professional, Pre-Retiree, Retiree, Retirement Planning, Web PresentationErin Campbell, CPA/PFS, CFP®October 12, 2020Roth IRA, Roth Conversion

Finance in a Flash: What Are Roth Conversions?

On this episode of Finance In A Flash, Nick & Erin take a deep dive into Roth conversions. They start with the basics by defining what a Roth conversion is and then transition into deeper topics by describing different scenarios on when it makes sense to use this strategy!

Podcast, Pre-Retiree, Retiree, Mid Career Professional, Retirement PlanningChip Hymiller, AIF®, CFP®August 13, 2020Roth Conversion, Roth IRA

Roth Conversion Instead of Required Minimum Distribution (RMD)?

With the passage of the CARES Act on March 27th, Congress eliminated IRA required minimum distributions (RMDs) for the year. This means that many taxpayers above the age of 72, or anyone who is taking inherited IRA distributions, will likely have quite a change in their taxable income in 2020. So, is it a good year to do a Roth Conversion instead?

Financial Planning, Investments, Mid Career Professional, Pre-Retiree, Retiree, Retirement Planning, TaxErin Campbell, CPA/PFS, CFP®July 22, 2020Roth IRA, tax planning, income tax, required minimum distributions, Roth Conversion