When a ROTH IRA may be a bad idea.

There are times when Roth IRA contributions or conversions just don’t make sense. Before I jump into all the reasons why you don’t want to ‘Roth’ let’s distinguish between a contribution and conversion. ROTH CONTRIBUTION Albert Einstein is credited with calling compound interest the eighth wonder of the world. If he were alive today, he might say the Roth IRA is the ninth wonder of the world. Under current rules (2018), Roth IRAs allow you to contribute up to $5,500 annually plus an additional “catch up” contribution for those over the age of 50. While you don’t deduct your contribution for income tax purposes, you will never, ever pay income tax on the growth of the account, nor will you

Another Rise for Student Loan Interest Rates

It is back to school time. Did you know this is the second year in a row interest rates on federal student loans are set to rise. Are you saving enough for college? Should you be saving more? Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to inv

Draft of 2018 Income Tax Return for form 1040

With all the changes to the tax law there are some major changes to the individual tax return for 2018 and the 'post card' size form 1040. This is only a draft, do not use this to file your taxes. #Tax

American Portfolios Colleague Completes Climb to Raise $15,000 for Charity.

Knock off climbing to Mount Everest’s Base Camp off American Portfolios (AP) colleague Terrence Herr’s bucket list. Herr, of Herr Capital Management, LLC in Chicago, IL., recently returned from his trek to Mount Everest in Nepal. Although not being able to make his final goal of climbing to Island Peak at 20,305 feet, Herr still made the climb to Everest Base Camp and Kala Patthar, which is an altitude of 18,519 feet. In an interview with The Independent, Herr explained why he called off the Island Peak climb at the last minute, “My oxygen level dropped to 71 percent, and I had a sinus infection; so, I decided that Island Peak was not a good option,” he said. “I am already making plans to re

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