-
Wisconsin enacts IRA changes
Posted on March 16th, 2010 No commentsWisconsin Governor Jim Doyle signed a bill into law that brings the state treatment of Roth IRA conversions into line with federal treatment. In January, federal guidelines were changed, allowing those who earn more than $100,000 per year to convert IRAs to Roth IRAs. Read the Small Business Times article.
-
Most Savers Kept Money in 401(k)s
Posted on January 21st, 2010 No commentsOf more than 1,100 plan participants polled by Francis Investment Counsel LLC between July and December, 68 percent had not changed their 401(k) accounts in response to the financial crisis. Of the 32 percent that changed their 401(k)s, 18 percent reduced the amount contributed or stopped saving completely, the Milwaukee Journal Sentinel reported.
-
Wisconsin Not in Step With Roth IRA Shift
Posted on December 15th, 2009 No commentsNew federal guidelines that go into effect in 2010 will allow people with an adjusted gross income of $100,000 or more a year to convert money from a traditional retirement account to a Roth IRA. Wisconsin law has not yet been changed to reflect the federal shift, and it’s not likely the Legislature will take that issue up until 2010 at the earliest, the Green Bay Press Gazette reported.
-
Savers Weigh Options for Roth IRA Conversions
Posted on October 2nd, 2009 No commentsStarting in 2010, high net worth individuals who earn $100,000 or more will be eligible to convert their traditional IRA to a Roth IRA, an opportunity previously unavailable to them, the Small Business Times reported.