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Here at Chadmere Capital Inurance and Financial Services, we are adhering to state and local guidelines in order to protect both the health and safety of clients and staff. Keeping our clients and staff safe is our highest priority and we’re taking all appropriate measures to ensure a safe environment. Should you prefer to not meet face-to-face, we are continuing to serve our clients through virtual settings such as Zoom or phone calls.

We look forward to continuing to help individuals and families achieve their ideal retirements.

Chademere Capital Insurance and Financial Services
(803) 285-0060



By Jeremy T. Rodriguez, JD
IRA Analyst



I am a CPA and was not sure if in 2019 alimony was considered earned income for making a Roth IRA contribution. Would appreciate any clarification you can provide.

Thank you very much.

Have a great day!




This issue was one of the changes enacted under the Tax Cuts and Jobs Act. Under the old law, alimony was taxable to the recipient. That means it would be considered earned income and therefore able to be used in making a Roth IRA contribution. However, the new law, effective January 1, 2019, flipped these rules. Alimony is no longer taxable to the recipient, meaning it can no longer count as earned income for IRA contributions (Alimony will also no longer be deductible by the payor). The new rules apply to divorces granted (and alimony awarded) after December 31, 2018. Alimony agreements that were finalized before the cut-off date continue to follow the old rules, unless the agreement is later modified to specifically adopt the new tax treatment.


Dear IRA help,

In doing my 2018 taxes in Turbo Tax I’m asked the question, “Total value of your traditional IRA?”  I not sure how to answer this because I have my own traditional IRAs (accounts in two financial firms), plus I’m taking RMDs from an inherited IRA annually. Form 8606 asks for this total value, but I am not sure if I have to add in my inherited IRA value. Please help.





You do not have to include the value of your inherited IRA with your own traditional IRAs. They are treated separately for tax purposes. If the transaction relates to non-deductible contributions you made to your own account, you only have to the include value of all owned traditional, SEP, and SIMPLE IRAs. Under the tax code, you are treated as a beneficiary of an inherited IRA, not the owner.



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Investment advisory services offered through Foundation Investment Advisors, LLC, a SEC-Investment Advisor Representative. Foundation Investment Advisors, LLC does not provide legal or tax advice. Investment Advisor Representatives of Foundation Investment Advisors, LLC may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through Chadmere Captial. Securities transactions for Foundation Investment Advisors, LLC clients are placed through TD Ameritrade.