Inherited IRA’s can be tricky. There are a lot of rules surrounding; Establishment and required minimum distribution (“RMD”) deadlines Options available to spouse and non-spouse beneficiaries Strategies for deferring required minimum distributions Special 60 day...
Big Issue The higher $12,000 standard deduction for single filers has produced an incentive in some cases for business owners to put their kids on the payroll in an effort to shift income out of the owner’s high tax bracket into the children’s lower tax bracket. ...
Retirement Contributions – Percentage of Pay vs Flat Dollar Amount Enrolling in a company retirement plan is usually the first step employees take to join the plan and it is important that the enrollment process be straight forward. There should also be a...
I had the fortunate / unfortunate experience of attending a seminar on the various repayment programs available to young professionals and the parents of these young professionals with student loan debt. I can summarize it in three words: “What a mess!!” As a...
Given the downward spiral that GE has been in over the past year, we have received the same question over and over again from a number of GE employees and retirees: “If GE goes bankrupt, what happens to my pension?” While it’s anyone’s guess what the future...
Volatility, Market Timing, and Long-Term Investing For many savers, the objective of a retirement account is to accumulate assets while you are working and use those assets to pay for your expenses during retirement. While you are in the accumulation phase, assets...
