Are Your Social Security Benefits Taxable?

Here are some tips to help you determine if your benefits are taxable: If Social Security is your only 2018 income source, your benefits are probably not going to be ...

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Need to Correct IRA Contributions?

If you filed a timely federal tax return, you typically have until October 15th of the year following the year you made an excess IRA contribution to correct that error. ...

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Non-Spouse IRA Beneficiaries

Inherited IRA distribution options for non-spouse beneficiaries differ between traditional IRAs and Roth IRAs. Below is a brief comparison chart of standard available options. However, options available to your IRA ...

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End of Summer State Tax Facts

Thinking about where you want to retire? Here are a few state tax facts to ponder as summer winds down and we all get back into full planning mode: U.S. ...

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Latest Beneficiary News

The Supreme Court of the United States recently upheld a state court decision involving the revocation of a beneficiary designation. A Minnesota resident forgot to update his beneficiary designation forms ...

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What’s an MGIRA

Who will get the money in your IRA if something happens to you? Congress created IRAs to encourage Americans to plan for their retirement but it never intended for them ...

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Tax Diversification

Are you familiar with strategies that are available to help you spread your investments across taxable, tax-deferred and tax-free accounts? The subject of “diversification” is often discussed when topics such ...

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Social Security and Divorce

How can a divorce affect your Social Security benefit options? The divorced spouse benefit is the same as the benefit for spouses as long as the marriage lasted at least ...

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Top 10 IRA Mistakes to Avoid

1. Taking the wrong RMD amount 2. Taking distributions too early 3. Failure to properly identify designated beneficiaries 4. Not knowing the special rules for spousal IRA beneficiaries 5. IRA ...

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Roth IRA Cheat Sheet for 2018

Annual Contribution Limit: The lesser of your taxable compensation or $5,500 ($6,500 if age 50 or older) Contribution Age Limit: None Contribution Eligibility: Up to the maximum is permitted if ...

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