What Is Upstream Planning?
November 8, 2022
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Doing some ‘upstream’ planning now will take the guesswork out of what’s coming your way.
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Top 10 Success Tips for Estate Planning
November 1, 2022
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Estate planning is one of the most important steps you can take for yourself and your loved ones.
Is Now a Good Time for a Roth Conversion?
August 26, 2022
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A Roth conversion involves liquidating assets in a tax-advantaged account like a traditional IRA or 401(k), paying taxes on the withdrawal, and then funding a Roth IRA. In the short run, investors will pay taxes (more on that below).
IRS Extends Time to File Portability Exemption Relief to Five Years
August 8, 2022
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The IRS issued a revenue procedure (Rev. Proc. 2022-32) Friday that allows estates to elect ‘portability’ of a deceased spousal unused exclusion (DSUE) amount as much as five years after the decedent’s date of death.
What is Potential Impact of IRS Change Regarding RMDs?
July 26, 2022
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The IRS is weighing a change that could leave your heirs poorer than you might hope.
Investing for Retirement: How Do IRAs and 401(k)s Fit into Estate Planning?
July 6, 2022
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Investing for retirement is one of the most important steps you can take toward building a secure financial future for you and your family. The sooner you can start, the better. Contributing to a retirement account can help you work toward your goals and may provide tax advantages to boost your progress.
Can a Family LLC Reduce Estate Taxes?
May 23, 2022
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These vehicles let a family manage multiple interests, preserve parental control and protect assets from claims of creditors and divorcing spouses, among other benefits.
Should I Have a Roth IRA?
May 16, 2022
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Roth individual retirement accounts allow you to pay income tax on your retirement savings upfront, so you won’t be stuck with a tax bill in retirement when you can least afford to pay it.
What are the New IRA Distribution Rules?
April 25, 2022
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The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
What Is the Gift Tax for 2022?
April 19, 2022
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Two years into the pandemic, countless lives have been impacted by COVID 19. Faced with daily reminders of the consequences of this illness, estate planning seems to be on the minds of many.
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