Category Archives: Tax Planning

Congress Does Away with Stretch IRA

Article Highlights: Taxability of DistributionsStretching DistributionsSECURE Act ChangesTen-Year RuleSpouse ExceptionOther ExceptionsNaming Beneficiaries On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement and IRA plan…
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2019 Tax Brackets

2019 is almost over, and you may be wondering what tax bracket you’ll end up in, and for good reason. There are a lot of reasons you may need to check 2019 tax bracket information. Year-end charitable gifting, deciding if you should take a bonus in this tax year, deciding if you should exercise stock options, are just a few good reasons to see what bracket you’ll end up in.
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Retirement account gaffes: Clients’ biggest withdrawal mistakes

This is a great article by Ed Slott. There are ways to avoid the 10% penalty tax for taking money out of your IRA early. But you’d better make sure you understand the rules clearly before taking an early withdrawal. This is a great resource for all the exceptions to the early withdrawal penalty. Baby…
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Year-End Tax Planning Tip #1

Over the next two months, mutual fund companies will be paying out year-end distributions in the form of capital gains to shareholders. While this may sound like something great that you wouldn’t want to miss out on, it’s not really what you might think. Capital gains distributions that a fund pays out to shareholders is…
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