Archive for the ‘Tax planning’ Category
Roth IRA’s differ from traditional IRA’s as the contributions made to a Roth IRA are not deductible for tax purposes but the distributions taken from a Roth IRA are not taxable to the taxpayer. The dilemma: take the tax deduction now and pay taxes later or make non-deductible contributions now and pay no taxes later.
Highland Investment Advisors’ Traditional IRA vs. Roth IRA: To Convert or Not to Convert can be viewed by clicking here.
Access the entire Highland Columns Volume 1, Issue 1 by clicking here.