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Is there an income limit for converting to a Roth IRA?

Since there are no income eligibility limits for conversions, however, one common strategy is to make a non-deductible contribution to a Traditional IRA t...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you prepare for competency?

How to Prepare for Competency-Based Interviews Expect Common Competency-Based Interview Questions. Do Your Research. Brainstorm Anecdotes. Use the STAR Te...

Does a handyman need an EIN?

You don’t even need to register for an EIN (employer identification number) unless you have employees. However, you must obtain the required licensing for...

Does your business bank account have to be in the same state?

The short answer to the question is no. The bank account used for the business will need to be opened in the state where the business is operating and whe...

Can you be a W-2 employee for more than one company?

If you work for one employer during the year, in most cases, you’ll only have one W-2 form to account for. However, if you work for multiple employers at ...

How do I get my ex husband to pay for college?

If you have an agreement or a Court Order that requires your former husband to contribute towards college expenses, you should consult with a family law a...

Can reserve funds be used for capital improvements?

Capital improvement projects typically require membership approval before the project begins. Because capital improvements are generally “new” to the comm...

Can you do a partial 401k rollover?

Yes, from a tax standpoint, you are allowed to roll over a portion of your 401(k) while keeping the rest of it in place. I say “from a tax standpoint,” be...

How much retirement should I have at 62?

This general rule of thumb refers to how much money you should withdraw from your savings each year in order to maintain an account balance that keeps inc...

How many months worth of basic living expenses you should save in as emergency fund?

While the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, the rule of thumb is to put away at le...