Jim Blankenship | TalkMarkets | Page 1

Jim Blankenship

Financial Services
Contributor's Links: Blankenship Financial Getting Your Financial Ducks In A Row
Through intensive study, Jim has become an expert in working with IRAs and other retirement plans. In addition, Jim has taken the extra steps to become an Enrolled Agent, which means that he is enrolled to practice before the IRS. Adding to these specialties, Jim is an expert in working with ...more
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10% Penalty Applied To Roth Conversion? Maybe
Tuesday, October 24, 2023 7:45 PM EDT
In general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty.
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Avoid The Overweight Retirement Plan
Monday, November 7, 2022 1:00 PM EDT
While it’s generally a good idea to defer as much income as possible into your available IRAs, 401(k)s, and Roth accounts, as with everything else in life, too much of a good thing can be a problem as well.
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A Good Reason To Not Convert To Roth
Friday, June 17, 2022 11:17 AM EDT
While there are many reasons that it may be in your best interest to pay tax and convert funds from a traditional IRA to a Roth IRA, there are a few situations that you might want to keep in mind as you consider converting.
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Understanding The US Tax Underpayment Penalty And How To Avoid It
Monday, June 6, 2022 5:00 AM EDT
While filling out your tax return this year, maybe you discovered a nasty little surprise: you’re being hit with an Underpayment Penalty, an extra little whack on the nose that means the IRS would like to hear from you more often throughout the year.
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The Impact Of Zero Years
Monday, April 4, 2022 8:59 AM EDT
If you have less than 35 years of earnings, those years without earnings are counted as zeros…
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Rolling Over Your Roth 401k
Tuesday, January 4, 2022 10:44 AM EDT
If you’d held the Roth 401(k) for five years or longer and a triggering event has occurred, rolling the funds over to a Roth IRA (of any age) allows you to withdraw the funds at any time, for any purpose, without tax.
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Combining IRAs With Other Retirement Plans
Sunday, November 7, 2021 2:45 PM EDT
Quite often we are faced with multiple options for retirement savings. With these decisions, it is important to understand what options are available to you – such as, can you contribute to both a 401(k) or 403(b) plan and an IRA in the same year?
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Double, Double, Toil And Trouble
Tuesday, May 4, 2021 10:48 AM EDT
Did you know that if you don’t pay close attention, you could be paying tax a second time on an inherited IRA – if the original owner’s estate paid estate tax.
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Should You Take Or Postpone Your First RMD?
Thursday, April 1, 2021 5:26 AM EDT
In the first year that you’re required to start taking Required Minimum Distributions from your IRAs and other retirement plans, you have a decision to make: Should you take the RMD during the first year, or should you delay it to the following year?
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401(k) – Good For Many, But Not Necessarily The Employee
Tuesday, March 16, 2021 5:06 AM EDT
The 401(k) plan is one of the places that the average Joe Employee is not well-served – in ways you don’t realize.
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5 Tactics For Required Minimum Distributions
Saturday, March 6, 2021 5:00 AM EDT
So – you’ve reached that magic age, 72 (used to be 70½), and now you’ve got to begin taking the dreaded Required Minimum Distributions (RMDs) from your various retirement accounts.
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Level Payment Pension Plan Option
Saturday, February 27, 2021 10:36 PM EDT
When you approach retirement, if you’re fortunate enough to have worked in a job that provides a pension plan, you are faced with a decision: what type of payout should you choose?
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When It Pays To Switch From Disability To Early Social Security
Saturday, February 13, 2021 4:02 AM EDT
There’s at least one circumstance in the Social Security retirement benefits world where it seems you can have your cake and eat it too.
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What Income Is Used For The Annual Earnings Test?
Saturday, February 6, 2021 11:21 PM EDT
If you’re receiving Social Security retirement benefits and you’re under Full Retirement Age (FRA), you may be subject to the Annual Earnings Test.
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What To Do When You Receive A Notice From The IRS
Wednesday, November 18, 2020 5:57 AM EDT
You’re cruising along with everyday life, dealing with this, that and the other thing… then you go to the mailbox and there it is: A Notice From The IRS.
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Why Is There WEP (Windfall Elimination Provision) In Social Security?
Wednesday, October 14, 2020 12:00 PM EDT
During your career, you may have worked for a governmental agency or a foreign employer where there was no Social Security tax withheld from your earnings (Job A).
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1 to 16 of 77 Posts
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