The Internal Revenue Service announced the inflation adjustments for tax rates, brackets and exemptions in 2020.
December 9
November 15
Are your planning documents invalid when you move to another state?
November 4
IRA Accounts & Possible Stretch Reduction
Here’s a good article on the rules for achieving a “stretch” for an inherited IRA. This can be a powerful tool for minimizing income taxes while maximizing growth. The article also discusses the effect the pending Secure Act will have if it is passed by Congress. It is crucial to review the beneficiaries on our retirement accounts regularly, and to make changes as needed.
November 3