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Top related persons:
Bonds - 1 Morningstar - 1 Kristy Akullian - 1 Jeffrey Levine - 1 St . Louis - 1 Levine - 1 Jordan Naffa - 1 Naffa - 1
Top related locs:
St . Las Vegas Arlington , Va
Top related orgs:
Treasury Bond ETF - 1 Bond - 1 BlackRock - 1 Internal - 1 Strategic Wealth - 1 Arista Wealth Management - 1 Treasury - 1 SEC - 1

Search resuls for: "Jeffrey Levine"


3 mentions found


☆ Cut your tax bill and revamp income-generating investments with this move
  + stars: | 2023-11-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +5 min
Tax loss harvesting is a staple of year-end planning. Bonds are ripe for tax loss harvesting in the wake of the Federal Reserve's rate-hiking cycle. Consider that the longer-dated iShares 20+ Year Treasury Bond ETF (TLT) has a year-to-date total return of about -7.3%, while the shorter-term iShares Core US Aggregate Bond ETF (AGG) has a total return of roughly 0.7% in 2023, according to Morningstar. "Tax loss harvesting is a silver lining for some of the pain they've been feeling the last couple of years." Bonds and the wash sale rule To benefit from tax loss harvesting, investors must avoid violating the wash sale rule .
Persons: Bonds, Morningstar, Kristy Akullian, Jeffrey Levine, St . Louis, Levine, Jordan Naffa, Naffa, VGSH, Lisa, Kirchenbauer Organizations: Treasury Bond ETF, Bond, BlackRock, Internal, Strategic Wealth, Arista Wealth Management, Treasury, SEC, VGIT, Omega Wealth Management Locations: St ., Las Vegas, Arlington , Va
☆ Secure 2.0 changes 3 key rules around required withdrawals from retirement accounts
  + stars: | 2023-01-03 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +2 min
President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Raising the RMD age to 73 (and eventually 75)Currently, savers have to start taking RMDs at age 72. The new law raises the RMD starting age in two tranches: to 73, starting in 2023, and to 75, starting in 2033. Eliminating RMDs from a Roth 401(k)Starting in 2024, investors in employer retirement plans likes Roth 401(k) accounts will no longer have to take RMDs. This change aligns Roth 401(k) with Roth IRAs, which don't require distributions during one's lifetime.
☆ Families can make a tax-free rollover from 529 plans to Roth individual retirement accounts starting in 2024
  + stars: | 2022-12-23 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Maskot | Maskot | Getty ImagesMillions of 529 accounts hold billions in savingsThere were nearly 15 million 529 accounts at the end of last year, holding a total $480 billion, according to the Investment Company Institute. watch nowHowever, that investment growth is generally subject to income tax and a 10% tax penalty if used for an ineligible expense. A transfer would skirt income tax and penalties; investments would keep growing tax-free in a Roth account, and future retirement withdrawals would also be tax-free. The rollover can only be made to the beneficiary's Roth IRA — not that of the account owner. Some education savings experts think 529 accounts have adequate flexibility so as not to deter families from using them.
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