Roth IRA Archives - Charles W. Rawl & Associates, LLC

Three Retirement Account Takeaways from OBBBA

By Sarah Brenner, JD Director of Retirement Education On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill Act” (OBBBA). This mammoth domestic policy and tax law is hundreds of pages long and will impact many people in all kinds of ways. What does it mean for your retirement account? Here are three takeaways from the “Big Beautiful Bill”: 1. Rothification will continue. While OBBBA does not include any new Roth account provisions, it is likely that in its wake the trend of “Rothification” will [...]

By cwrawl|July 14, 2025|Categories: IRA Best Practices|Tags: IRAs, Roth IRA, Tax Savvy|

How Roth IRA Distributions Are Taxed

Roth IRAs are a beneficial asset for many retirees. But how are they taxed? By Sarah Brenner, JD Director of Retirement Education Do you have a Roth IRA? If you do, there will very likely come a time when you want to take a distribution from that account. The distribution rules for taxation of Roth IRA distributions can be complicated, but if they are followed, the reward is tax-free withdrawals in retirement. Here is what you need to know: Aggregation Things can get a little confusing if you [...]

By cwrawl|March 10, 2025|Categories: Articles, IRA Best Practices|Tags: Roth IRA, Taxes|

New Rule: All IRA RMDs Must Be Satisfied Prior to Doing a Roth Conversion

By Andy Ives, CFP®, AIF® IRA Analyst Yes, you read that title correctly. This rule was confirmed in the 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different custodians, the total aggregated IRA required minimum distribution (RMD) must be withdrawn before any Roth IRA conversion (or 60-day rollover) can be completed. [This does NOT include RMDs from work plans like a 401(k).] Aggregation rules tell us that RMDs for each IRA must be calculated separately, but [...]

By cwrawl|November 4, 2024|Categories: IRA Best Practices|Tags: IRAs, RMDs, Roth IRA|

Roth Conversion Confusion: Taxes Withheld When Under 59 ½

There are many misconceptions about Roth IRAs and confusion abounds. Avoid this irreversible costly mistake and stay on the road to a Tax Savvy retirement. By Andy Ives, CFP®, AIF® IRA Analyst There is no doubt we have written about this topic in past Slott Report entries. Possibly many times. There is also no doubt that people continue to make this same error, over and over again. Such was the case recently when the Ed Slott team visited with 150-plus financial advisors from across the nation in [...]

By cwrawl|July 31, 2023|Categories: IRA Best Practices|Tags: IRAs, Roth IRA|

Help a Young Person Use Summer Earnings to Start a Roth IRA

Wouldn’t it be great to guide our children and grandchildren into a Tax Savvy financial future? Teach them to save in the tax-free bucket at a young age! By Sarah Brenner, JD Director of Retirement Education Is your child or grandchild working hard this summer? A summer job can be a valuable experience for a young person. Whether it is making smoothies, serving tables, or being a camp counselor, a summer job can teach life skills and give a first opportunity to manage finances. An important part [...]

By cwrawl|July 24, 2023|Categories: IRA Best Practices|Tags: IRAs, Roth IRA|

ROTH-O-MANIA!

By Sarah Brenner, JD IRA Analyst SECURE 2.0 is now the law of the land and one thing is very clear. Roth-O-Mania is here! In their quest for more revenue, Congress has created more options to save with Roth accounts. These accounts bring in the immediate revenue that Congress desperately needs. For retirement savers, these Roth options offer the promise of potential tax-free earnings and withdrawals down the road. Here are 5 new Roth savings opportunities brought by SECURE 2.0: Roth SEPs and SIMPLEs. Beginning in 2023, SEP and [...]

By cwrawl|January 23, 2023|Categories: Articles, IRA Best Practices, Smart Investing|Tags: IRAs, Retirement Planning, Roth IRA|

Charlie Rawl is keenly focused on helping his clients work toward their retirement dreams through a comprehensive financial strategy. He has distinguished himself throughout his career as a troubleshooter and problem-solver, designing and implementing creative solutions to often-complex challenges.

He has three decades of experience in financial services, encompassing commercial banking, insurance and investment management. This diverse experience gives him an invaluable perspective in conducting detailed analyses and creating state-of-the-art wealth management and retirement income solutions.