New 529 to Roth IRA Transfer Rule

New 529 to Roth IRA Transfer Rule

The Secure Act 2.0 introduced some important new benefits for 529 plans. Qualified accounts can roll over up to $35,000 from a 529 plan to a Roth IRA beginning in 2024. There are some important restrictions to the transfer. In addition, there are some unanswered...
Mega Backdoor Roths

Mega Backdoor Roths

Have you received a windfall from vested Restricted Stock Units (RSUs) or Nonqualified Stock Options (NQSOs) this year? You might consider turbo charging your retirement savings this year from a Mega Backdoor Roth IRA. So how does this strategy work, and is it...
Electric Car Credits – 2023 Edition

Electric Car Credits – 2023 Edition

Tax credits for electric vehicles aren’t a new thing. Actually, the first credits appeared all the way back in 2005 with the Energy Policy Act. There have been numerous changes since then to tax credit rules and regulations. In fact, there are TWO sets of rules for...

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