Category: Taxes

Retirement, Income, Tax & Estate Planning.

Over 70 ½ And Charitably Inclined?

Are you 70 ½ and taking Required Minimum Distributions (RMDs)?  If so and if you are charitably inclined-whether to your church, synagogue or favorite non-profit-you should read on. Tax season is well underway. Best of luck to everyone as you complete your 2017 tax returns. Of course, one of the big topics of discussion around…
Read more

February 21, 2018 0

GDP Growth & Tax Cuts

With President-Elect Donald Trump putting together his team, much talk is centered around the 282 campaign promises Trump made on the campaign trail.  Many of them centered on growing the economy and cutting taxes. We know that all politicians make campaign promises they can’t fulfill so none of us will be surprised if the same…
Read more

December 8, 2016 0

A Reminder On IRA Rollovers

I’ve written about this before but I’m still getting many questions from clients, so let’s tackle this issue again about the IRS change on IRA Rollovers. In the old days (like last year) you had 60 days to move IRA funds from one account to another.  Let’s say you had a CD come due at…
Read more

April 22, 2015 0

How Well Do You Understand Taxes In Retirement?

There are many common phrases that reference the certainties of taxes.  One of the most popular is Benjamin Franklin’s “In this world nothing can be said to be certain, except death and taxes.”  Unfortunately, this phrase does have some truth.  And unfortunately again, taxes for most people do not ever stop – not even in…
Read more

October 15, 2014 0

Are You Clueless?

I know…I know…it’s a holiday weekend.  I decided to really be a bum and close our offices today (Friday) to make it a four day weekend.  If you’ve shut down mentally until after Labor Day, just put this column aside until you are ready to re-engage. Sometimes I feel like I sound like a broken…
Read more

August 28, 2014 0

Now that Tax-Day has passed, Where Does Your Money Go?

Now that tax-day is behind us, it might be a fun time to see where your Federal dollars went.  If you add up just the first five entries though veteran benefits, you will see that just about 80¢ of every dollar goes to Defense, Social Security, Health Care, Interest on the debt and Veterans Benefits.…
Read more

April 15, 2014 0

Are you on the IRS’s Audit Short List?

One of the five great lies, right up there with “I’ll still respect you in the morning” is this one: I’m from the government and I’m here to help you.  This ditty rings even more hollow when your friend from the government is an IRS auditor. Want to know if you are on the short…
Read more

March 21, 2014 0

State Tax Rates Throughout Our Country

This week I just wanted to share a quick map with you. It’s a map of the US that shares top income tax rates state by state. It’s fun and interesting to check it out. To see the original, just click the link below… Top Income Tax Rates by State   Your Retirement Quarterback®

February 27, 2014 0

Odds & Ends

Who Are the Job Creators? For years I have been hearing so many politicians talk about how small businesses were the engine creating most new jobs in this country. They often used this as an excuse to not raise taxes, to not change health care, to not raise the minimum wage, etc., etc., etc.. According…
Read more

February 21, 2014 0

Target Date Fund Use in 401(k) Plans Increasing

According to a recent article in Financial Advisor Magazine, the use of target-date funds in 401(k) plans continues to grow, according to a report released today by the Investment Company Institute and the Employee Benefit Research Institute. At the end of 2012, 41 percent of 401(k) participants held target-date funds, compared with 39 percent in…
Read more

January 13, 2014 0