Alterra Advisors

CARES Act and Tax Deadlines – 6 Coronavirus-Related Changes to Know

With so many feeling the effects of the COVID-19 quarantine, federal and state governments are moving to help. Here are a few of the notable tax deadline changes and stimulus efforts in the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act. Tax deadlines, IRA & RMD changes, stimulus efforts, small business relief options and more.

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Backdoor Roth IRAs – What Are They and Are They Worth It?

Roth IRAs are one of the few ways to build tax-free retirement income. And with a long retirement time frame, they can build quite the snowball. But, if you make too much income, the IRS won’t let you contribute. Fortunately, for many, the Backdoor Roth IRA can help…so is it worth the extra effort?

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Safe Harbor 401(k) or Simple IRA – Which retirement plan is best for my new dental practice?

It’s one of the most frequent discussions we have with new dental practice owners: “What retirement plan should I choose for my new practice? A friend recommended a Simple IRA and another colleague has a 401(k). Which is right for me?”The right answer usually comes down to a single question: How much do the owner(s)… Read More »

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