August 2019's Articles of Interest

7 Social Security Myths That Just Aren’t True

August 27, 2019

With a system as complex as Social Security, it’s inevitable that misinformation (or simply a misunderstanding of the facts) will spread. It’s hard to understand what’s true and what’s not, and often, our brains prefer the version of events that feel intuitively more simple to understand. And of course, Social Security is anything but simple to understand. People tend to repeat some of these not-quite-true tidbits and downright falsehoods so often that they’ve reached mythical status and are often accepted without question.

How Roth IRA Conversions Can Escalate Capital Gains Taxes

August 15, 2019

Can a Roth conversion affect the taxation of long-term capital gains Significantly. That’s because Roth conversion income, like all other ordinary income, reduces the benefit of the LTCG rates, increasing the overall tax cost of the conversion. This interplay can easily throw off even the best tax projections, especially when they rely on the low (or even 0%) LTCG rates stated in the Tax Code. When there is additional ordinary income, like Roth conversion income, those favorable tax brackets are not as attractive as they appear to be.

August 7, 2019

Long-term interest rates are falling fast in the U.S. The 10-year Treasury dropped to 1.6% at one point Wednesday. It started the year around 2.7%. Yields have declined for a variety of reasons: trade tensions, fears of slowing global growth and the prospect that the Federal Reserve, which cut short-term rates in July for the first time since 2008, will cut them further. That has investors spooked. How does it affect everyone else?

You are leaving The Independent Excellence Group and going to a third-party site. The Independent Excellence Group does not own or control the information on these third-party sites and can make no representation as to its accuracy or currency.