When executing a 1031 exchange, the first hurdle is identifying your replacement property within 45 days — but the journey doesn’t end there.The next critical step? Closing on your replacement property within 180 days of selling your relinquished property. Miss this window, and your 1031 exchange fails, leaving you with
Roth Individual Retirement Accounts (IRAs) can be a great addition to your retirement savings plan. Many people use Roth conversions to get around income limits on Roth IRAs. However, there’s a tricky tax rule called the Pro-Rata rule that can make Roth conversions more complicated than you might think. If
The bandwagon effect, or groupthink, describes gaining comfort in something because many other people do the same. After all, “there is safety in numbers” correct? This is a falsehood. But let’s separate bandwagon-ing, from conventional wisdom. There is value that is derived from conventional wisdom and there is not always
