Category Archives: Investments

Exceeding Roth IRA Annual Allowance

What happens if you contribute more to an IRA than is allowed by law? The short answer is that there shouldn’t be a tax “penalty” for a Roth IRA principal withdrawal. You would, however, have to pay capital gains taxes on any earnings your excess contribution accrued, just like you’d have to pay on any… Read More »

Top 10 Tips about IRA Contributions

IRA retirements accounts are a great way to plan for retirement. As the years winds down, it is important to begin assessing what kind of contributions you may be making to a retirement plan. You can contribute to your traditional IRA at any time during the year. You must make all contributions by the due date for… Read More »

Quick Tax Facts About Capital Gains and Losses

Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When a capital asset is sold, the difference between the basis in the asset and the amount it is sold for is a capital… Read More »