Avoid this fatal IRA rollover error

The IRS allows you to correct most errors. However, there is one error you cannot fix that could seriously harm your retirement funds. It’s a relatively new rule (became effective Jan. 1, 2015), and if you aren’t aware of it, it can cost you dearly. The rule: An individual can only do one 60-day...
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The facts and fiction behind self-directed IRAs

[Please note that this article is about self-directed IRAs, which are very different from self-directed accounts for a 401(k) or other employer-sponsored retirement program. Azzad frequently helps clients open self-directed accounts for their employer-sponsored retirement programs, which allows them...
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10 frequently asked questions about IRAs

1-      When is my IRA contribution due? Your traditional and Roth IRA contribution must be made no later than April 18. If you make your contributions in year 2016, make sure your financial institution reports the deposit for year 2015. Your SEP IRA contribution for year 2015 isn’t due until...
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The benefits of tax planning

Taxes can take a big bite out of your total investment returns, so it’s helpful to look for tax- advantaged strategies when building your portfolio. You don’t want to pay any more in tax than you have to. That means taking advantage of every strategy, deduction, and credit that you are entitled ...
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Top 5 mistakes employees make with 401(k)s

The results are in, and our advisors have agreed that these are the five most common mistakes employees make with their 401(k) plans: 1.       Not participating: The biggest mistake you can make is not contributing to a 401(k) if you are eligible, especially if your employer matches your contr...
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