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Articles on Wealth Management Topics

Investors Must Beware of Exchange-Traded Fund (ETF) Closures

It's no secret that the popularity of exchange-traded funds, or ETF's, has sky-rocketed since the very first one, the S&P 500 SPDR, was introduced more than 25 years ago. Investment flows continue to pour into these vehicles, and ETF sponsors continue to oblige investors by rolling out a never-ending stream of new products. The dark side of this onslaught of ETF introductions is that record numbers of mutual funds are also closing, and fund closures can have serious repercussions for the investors owning them.

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Supercharge Your Retirement Savings with Mega Backdoor Roth Contributions

Roth 401(k) contributions are especially advantageous to younger workers still looking forward to their peak earning years. And for higher-paid employees, Roth 401(k)'s may be the only way for them to contribute to Roth-style accounts. Now here's a way - courtesy of some fairly recent clarification from the IRS - to potentially supercharge the pace of your contributions to Roth-style accounts at the workplace, regardless of whether or not your employer offers a Roth 401(k) feature.

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"Stealth" IRA Contributions

As we begin to prepare for tax season, IRA contributions are on the minds of many taxpayers. This should be no surprise since not only do tax-deductible IRA contributions reduce current tax bills, but non-tax-deductible IRA contributions have the potential to reduce future tax bills as well. With these tax benefits in mind, here are three ways to effectively increase your household's IRA contributions that often fly under the radar:

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"Ten Ways You're Probably Leaving Money on the Table" Updated for 2018-9

The Tax Policy Center estimates that recent changes to the tax code in the form of last year's Tax Cuts and Jobs Act (TCJA) "... will cut individual income taxes for 65 percent of households overall, but raise taxes for about 6 percent of households." Even so, why not resolve to improve your financial situation even more in the New Year. Depending on your circumstances, there may be a variety of moves to make to reduce your tax bills (or to offset them by saving money in other ways).

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Use a 457 (Retirement Plan Account) to Blow Away Your Tax Bill

457(b) plans are retirement plans for government workers and for highly-compensated employees of non-profit organizations. As such, 457's are offered by some of Utah's largest employers, including Intermountain Healthcare and the University of Utah. These plans are analogous to 401(k)'s and 403(b)'s, but they differ in one critical way.

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