Tax Season 2018 Q&A

Q: I inherited an IRA from my cousin. He passed away in November 2017 at age 72 and he hadn’t taken his 2017 RMD yet, so I took it in ...

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Back Door Roth IRA – What is it?

Americans with eligible earned income often contribute to an IRA. However, Roth IRA contributions are subject to income limitations. Does that mean if you earn too much that a Roth ...

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Important IRA Deadlines!

April 1, 2018 This is the Required Beginning Date (RBD) for IRA owners who turned 70½ in 2017. IRA owners have until April 1st to take their very first required ...

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Tax Time IRA Quiz

True or False? Q:  The IRS can waive the IRA one-rollover-per year rule. A:  FALSE. While the IRS may choose to waive the 60-day rollover requirement under certain circumstances for ...

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To RMD, or Not To RMD?

A client had a question the other day about taking an RMD from an inherited IRA. It was an interesting question that perhaps some of you have encountered but weren’t ...

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Rollover Chart

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State Inheritance Taxes Comparison Chart

Inheritance taxes are imposed upon the individual receiving assets from a deceased’s estate. Only six states currently impose an inheritance tax: For questions about your personal situation, be sure to ...

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What Is The 5 Year Rule?

If your traditional IRA beneficiary is a non-person such as your estate, a non-qualified trust or your favorite charity, you may be told that the “5-year rule” may apply when ...

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Protecting Yourself from a Plunging Market

Just because the market takes a dive, doesn’t mean your nest egg has to. Despite market volatility, anybody with a safe, guaranteed investment option can sleep well knowing their money ...

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