This month’s blog is part 2 of a 3-part series on building Roth dollars for high-income households. Last month we looked at what happens to high income households (for 2024: >$230,000 Married, >$146,000 Single) when they can no longer make...
Kotys Wealth Professionals
Roth IRA Income Limits & Fixing Excess Contributions
It’s normal for me to get a few texts from friends & family throughout tax season looking for help. Something I’ve seen more this year than others is people making excess Roth IRA contributions. This is generally a fantastic problem to have...
Common Charitable Giving Strategies
One of the most gratifying things about this profession is that our clients entrust us to help them achieve their financial, and often non-financial, goals. We work with many wonderful people who have big hearts. Many times, after finding peace of...
529 to Roth Rollover
In December 2022 Congress passed the SECURE Act 2.0 (Setting Every Community Up for Retirement Enhancement) which updated many retirement-focused legislation. RMDs (Required Minimum Distributions) from IRAs were pushed from age 72 to age 73 or 75,...
Kotys Wealth Professionals offers CARES Act update for Small Businesses
As a follow up to last week’s communication on the CARES Act, we want to continue to provide information to our clients and their friends and family who may benefit during this uncertain time. The CARES Act (Coronavirus Aid, Relief, and Economic...
Kotys Wealth Professionals outline 2020 Cares Act
In the late evening of March 25th, the Senate produced one of the largest economic stimulus packages in U.S. history, the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). The bill itself ended up at a whopping 883 pages but that's not...