Should Clients Spend IRA Money in Order to Delay Taking Social Security?
A recent report released by the Center for Retirement Research at Boston College shows that Social Security is one of, if not the cheapest annuities available (click here to see the report). “Well that...
View ArticleHow the Supreme Court’s Decision to Uphold the 2010 Health Care Act Impacts IRAs
Make no mistake about it… many of your clients – and probably even many of you – largely ignored the 2010 Health Care Acts tax provisions because they thought there was no chance the Supreme Court...
View ArticleAre You Ready to Get Schooled on the Educational Expense Exception to the 10%...
So here’s the deal, I have some good news and some bad news. The bad news is that the summer of 2012 is quickly coming to a close. What’s the good news then? Time to send those kids back to school...
View ArticleThe Latest Wrinkle on Roth Recharacterizations
October 15, 2012 could mark an important date for many of your clients. For clients that made Roth IRA conversions in 2011, October 15, 2012 marks the last day on which they can change their minds and...
View ArticleAn Open Letter to President Obama
Mr. President, As part of the campaign process for your bid to seek a second term in the White House, you recently released a copy of your tax 2011 tax return. Purely to satisfy my own curiosity, I...
View ArticleA Post-ATRA Look at Roth Conversions
On January 2, 2013 the American Taxpayer Relief Act (ATRA) was signed into law making changes to many areas of the tax law, including ordinary income tax, capital gains tax and estate, gift and GST...
View ArticleBreaking Down the Retirement Proposals in the President’s Budget
In mid-April, President Barack Obama unveiled his budget for the upcoming year. Although the budget is essentially a “wish-list” for the President and most of its proposals and recommendations are...
View Article3 Unexpected Ways Retirement Accounts Can Cost Your Clients
The adequate funding of retirement accounts is an essential part of many clients’ financial plans. Clients generally receive a tax benefit for making contributions to accounts like traditional IRAs and...
View ArticleDOMA Decision’s Impact on Retirement Planning
In late June, the Supreme Court revealed its much-anticipated decision on the Defense of Marriage Act (DOMA), striking down a portion of the law as unconstitutional and forcing the federal government...
View Article3 IRA Annuity Traps to Avoid
Over the past decade or so, annuities have become an increasingly popular investment for IRA and Roth IRA owners. Despite the fact that there is no additional tax benefit to holding an annuity inside...
View ArticleProhibited Transaction Relief for IRA Owners Who Signed Broker...
IRS Announcement 2011-81 On December 12, 2011, IRS issued announcement 2011-81, which temporarily provides relief to certain taxpayers who have engaged in the prohibited transaction of extending credit...
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