Contributions From IRAs

Contributions From IRAs

Background The Pension Protection Act of 2006 first allowed taxpayers age 701/2 or older to make tax-free charitable donations directly from their IRAs. Technically, these taxpayers were allowed to exclude from gross income otherwise taxable distributions from their...
Investment Tax Planning 2020

Investment Tax Planning 2020

There are several planning areas that investors should potentially consider in doing their year- end tax and financial planning. Some or none may apply to you, but it is worth your consideration to see which ones apply to your circumstances and talk with your trusted...
Contract with the Stock Market

Contract with the Stock Market

Expertly Riding the Waves of Volatility We have prepared this piece to reiterate what we should all know, understand, and believe if we are going to own stocks in our portfolios.  We look forward to continuing to educate you to help you stay well-informed and continue...
New Rules for 529 Plans

New Rules for 529 Plans

Easing the burden of paying for education The Tax Cuts and Jobs Act of 2017 will expand the use of 529 Plans to allow savers to accumulate money and pay for education on a tax-free basis. Before we discuss the changes let’s review the basics. A 529 Savings Plan is an...
Explaining “Backdoor Roth IRAs”

Explaining “Backdoor Roth IRAs”

Learn how higher income earners can contribute to a Roth IRA ROTH IRAS ARE A POWERFUL WAY TO SAVE FOR RETIREMENT Contributions into a Roth IRA are not tax deductible. However, the earnings in the account accumulate tax deferred, and can be distributed completely tax...