Is It Time To Make A Roth IRA Conversion?

Over this past year, more clients have asked me about whether or not it makes sense to do a conversion from their Traditional IRA to a Roth IRA.   I’ve written before on the merits of a back door Roth IRA (http://bit.ly/2jNBfFA) before on Your Smart Money Moves, but the larger question about converting an existing account can be a tricky one to approach in your personal finances.   More importantly, if you are not proactive in your tax planning, you could miss a tremendous opportunity to take advantage of a bad year with your business or if you have a substantially down year of income.  Given the volume of planning cases I see every month, especially those in their late 40’s to late 50’s should be looking at this strategy very closely if you are in a transition phase. With the potential upcoming changes in the tax code suggested to move from seven tax brackets down to three, each family needs ...

Read More →

The Best Time To Buy A Home Might Be Now

(orginal article in the AJC.com) From a financial perspective, the window for pouncing on a once-in-a-lifetime deal on a home might be narrowing. The state’s median selling price is down from $175,000 at the market’s 2007 peak to $109,900 in May, says the Georgia Association of Realtors. But recent prices are trending up. The average sales price increased each of the first five months this year, from $126,381 to $152,740. Similarly, January-May median prices were up, from $87,000 to $109,900, every month but one — when prices were flat. Good financial planning takes a long-term view. That’s why Ted Jenkin, co-CEO of Oxygen Financial in Alpharetta, and Wes Moss, chief investment strategist at Capital Investment Advisors in Sandy Springs, say today’s housing market very well could be the financial spark you’re seeking. Some factors to consider: 1. Interest rates: “With 30-year interest rates hovering under 4 percent and 15-year rates under 3 percent, these are tremendous times to be able ...

Read More →