Roth IRAs

Clients often underutilize deductions for work-related technology purchases and travel expenses.

Clients who want to save for their children’s education may be better off using a 529 plan than a Roth IRA.

Contribution limits in a Roth IRA could shrink for couples after marriage.

They may look good on paper, but such investments also come with thorny challenges.

If passed, non-spouse heirs would be required to drain assets within 10 years after the owner’s death.

Clients have to increase their risk exposure to ensure they don’t outlive their savings.

The property should allow them to live close to their loved ones and fit their financial plan, according to a CFP.

Careful planning can help prevent them from shrinking their benefits based on misperception.

Early planning for potential tax hikes is key.

The rule can create significant tax savings, but in unskilled hands it can just shift the burden elsewhere.