Common Sense IRA and 401(k) Strategies

May 06, 2015

401k, Baby Boomers & Money, IRA, Retirement, ROTH IRA

5/6/2015 AZ Republic by Dr. Harold Wong For many, especially in the Baby Boomer generation, most of their financial assets are in their IRA or 401(k). Here are some strategies that can make a big difference for your retirement: Maximize your annual contribution to your IRA and get the full employer match to your 401(k). […]


Secret Advanced Tax Strategies Part 2

Oct 24, 2014

401k, Income Tax, IRA, Multi-Generational IRA, ROTH IRA

10/24/2014 AZ Republic by Dr. Harold Wong The previous article, “Secret Advanced Tax Strategies”, October 10, 2014 The AZ Republic, can be found at www.DrWongInvestorGuide.com. It covered two little known strategies: the Family or solo 401k and the Roth/Multi-Generational IRA. This article will handle some of the resulting questions in more detail. For those who […]


Secret Advanced Tax Strategies

Oct 10, 2014

401k, Income Tax, IRA, Seniors & Money

10/10/2014 AZ Republic by Dr. Harold Wong This article will cover a number of tax strategies that are little known to most taxpayers who do not have access to very expensive tax CPA’s and tax attorneys who serve the wealthy. I will give case studies where a particular strategy might be used. Future articles will […]


Multi-Generational IRA Multiplies Your Family Wealth!

May 07, 2014

IRA, Multi-Generational IRA, ROTH IRA

(5/9/2014 AZ Republic by Dr. Harold Wong) This is the 5th article in a row for a series on taxation. My previous article “Converting to Roth IRA can Counter Future Tax Increases” gave the history of federal tax rates and showed that recent tax rates have been some of the lowest in modern history. Tax […]


Multi-Generational IRA: A Gift of Love to Grandkids!

Feb 15, 2013

IRA, Multi-Generational IRA, ROTH IRA, Seniors & Money

(Special to the 2/16/2013 AZ Republic by Dr. Harold Wong) The American Taxpayer Relief Act (ATRA) was passed by Congress on January 1, 2013 and signed into law by President Obama the next day. For high-income taxpayers: tax rates rise from the prior maximum 35 percent to 39.6 percent; and the maximum tax rate on […]


2013 Fiscal Cliff Tax Deal Means Consider a Roth IRA

Feb 02, 2013

Income Tax, IRA, ROTH IRA, Seniors & Money

(Special to the 2/2/2013 AZ Republic by Dr. Harold Wong) On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA). For high-income taxpayers, it raises the maximum tax rate from 35 percent to 39.6 percent. The tax rate on long-term capital gains and dividends has been raised from 15 percent […]


Greatest Generation, Baby Boomers, and Generation X

Jul 18, 2012

Baby Boomers & Money, IRA, Multi-Generational IRA, Risk vs. Returns, Seniors & Money, Uncategorized, Wall Street

(July 18, 2012 AZ Republic by Dr. Harold Wong) This article will cover the differences of 3 generations. In my office, I see many grandparents, who often have very different values from their kids and grandkids. These value differences are perplexing to the grandparents who are deciding what to do with their life savings. The […]


Simple Planning Guide for Roth & MGIRA Strategies!

May 16, 2012

Annuities, Baby Boomers & Money, Income Tax, IRA, Multi-Generational IRA, Risk vs. Returns, ROTH IRA, Seniors & Money, Uncategorized, Wall Street

(Special to the 5/16/12 AZ Republic by Dr. Harold Wong) The previous 5 articles have been a series on Roth and Multi-Generational IRA (MGIRA) strategies. This article will summarize these strategies and hopefully become a simple planning guide. Issue 1: Why would I Consider the Roth IRA Conversion? You do this because you do not […]


MGIRA: Maximum Income for Owner or the Heirs!

May 02, 2012

Annuities, Baby Boomers & Money, Income Tax, IRA, Multi-Generational IRA, Risk vs. Returns, ROTH IRA, Seniors & Money, Uncategorized

(Special to the 5/2/2012 AZ Republic by Dr. Harold Wong) This is the fifth of a series of articles about advanced IRA strategies, including the Roth and Multi-Generational IRA (MGIRA). The previous article, “MGIRA may be better benefit than Revocable Living Trust”, generated many reader questions. Example: I am setting up a MGIRA for a […]


Biggest Financial Regrets of Seniors & Older Baby Boomers

Apr 04, 2012

401k, Annuities, Avoiding Investor Scams, Baby Boomers & Money, IRA, Multi-Generational IRA, Seniors & Money, Uncategorized, Wall Street

(Special to the 4/4/2012 AZ Republic by Dr. Harold Wong) The previous article, “Multi-Generational IRA Can Leave Heirs a Lifetime Income”, published 3/21/12, has generated a lot of response from readers and attendees at my recent seminars. The Multi-Generational IRA (MGIRA) is a strategy that can multiply income 2-5 times for kids and grandkids. When […]