Using the 4% Rule to Make Retirement Fund Withdrawals
Determining how much of your retirement nest egg to withdraw each year can be stressful. You want to take out enough to maintain a comfortable lifestyle, yet the idea of running out of money is frightening. The 4% rule can help you determine your retirement fund withdrawal.
Estate Tax Planning: Why Annual Gifts Are Still Important
With the 2018 federal estate tax exemption being raised from $5.6 million to $11.2 million, some are wondering if making lifetime gifts to your loved ones may be less important than in the past. Even if your wealth is well below the exemption amount, a lifetime gifting program still offers significant estate tax planning and personal benefits.
Start the Year Right: Review Withholding and Estimate Tax Payments
Adam M. Levine
Has this ever happened to you? Income tax time rolls around and you realize that over the course of the year, you haven’t withheld enough or failed to make estimated tax payments that you should have. You now owe the IRS money, even before factoring in underpayment penalties and interest. Many taxpayers make this mistake, […]
When is it Best to Claim Social Security?
Do You Know When Your Employees Will Retire? Your employees’ retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company’s plan. Another key variable is Social Security, but the Social Security benefit-claiming strategy that is best for them is not always easy to determine. However, online Social […]
2017 Year-End Individual Income Tax Planning in Consideration of the Tax Cuts and Jobs Act
Anna M. Coldwell
On Tuesday, December 19, 2017, the House of Representatives voted to pass the Tax Cuts and Jobs Act (TCJA). The Senate was expected to vote on the bill shortly thereafter. The TCJA combines the House and Senate versions of the proposed tax reform. If the bill is enacted, it will be the most comprehensive tax […]
Active Versus Passive Investment Funds: Should You Let Participants Decide?
Adam J. Pechin
According to a report by Casey Quirk of Deloitte, 72% of money invested into funds went into passive funds in 2015. While some may see this as a strong case for passive investing, it is not that simple for plan sponsors. Trending Passive Active investing attempts to exceed the stock market, whereas passive investing involves […]
For Good Financial Health, Take Your RMDs
Employer-sponsored retirement plans and traditional IRAs offer participants almost unbeatable tax-saving and wealth-building opportunities. But the benefits come with a catch. At a certain point, you have to stop investing and start withdrawing in the form of required minimum distributions (RMDs) or pay a severe price.
Leaving a Financial Road Map for Your Loved One
We do not like to think about dying or becoming incapacitated due to illness, but it is important to be prepared. In the event you become incapacitated or die, does your spouse or loved one know what assets you have or where they are located? Do they know what bills need to be paid or how to pay them? This article provides some questions and answers your loved ones need to know.
1031 Exchange – Beyond Deferring Capital Gains Tax
If you own highly appreciated business or investment real estate that you wish to sell, you can possibly avoid capital gains tax by exchanging it for new property of a like kind. A Section 1031 exchange can help you defer capital gains tax on appreciated property indefinitely and possibly eliminate it permanently.
What to do if You Inherit an IRA
Jacqueline N. Janczewski
Individuals who inherit an IRA have several options for handling the funds, depending on their relationship with the original accountholder. This article summarizes options for spouses and non-spouses.