Latest articles by Scott Tucker, Investment Adviser Representative
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When RMDs Loom Large, QCDs Offer a Gratifying Tax Break
Send money directly to charity from your traditional IRA, and you won’t owe taxes on the amount you donate. It’s a win-win!
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Nearing Retirement? Ditch ‘Hidden’ 401(k) Fees
401(k)s Your 401(k) may be costing you more than you realized. An in-service direct transfer to an IRA could be a game changer – if you qualify.
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UTMA Accounts Explained: Rules, Custodial Brokerages and More
personal finance Giving your kids or grandkids a leg up in life is a nice thing to do, but if you’re thinking of doing it with an UTMA custodial brokerage account, you need to know a few of the pros and cons that come with them.
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Firefighters Face Unique Challenges with Deferred Comp
retirement planning Saving in your deferred compensation plan sounds like a great idea … until you get to the tax bill when it’s time to make your withdrawals. Considering that your pension is federally taxable as well, you may have some planning to do.
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Why Wait Until 70 to Take Social Security Benefits?
social security In a rush to file for Social Security benefits? Many people are, but slow down and do the math first — or you might regret it. Waiting until age 70 (if you can) comes with big built-in benefits.
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For Pilots, Retirement Planning Is No Place to Wing It
retirement Some special circumstances make pilots prime candidates for needing professional financial advice.
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Don't Let the SECURE Act Turn Your Legacy into a Windfall for the IRS
Making Your Money Last The new law takes away the popular "stretch IRA" option for most non-spouse beneficiaries, so to save your beneficiaries potential tax liability, your estate plan may need some tweaks.
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Find the Right Rung on the Legacy Planning Ladder
retirement Even simple estates need a plan, whether it be a will or possibly a trust. Putting your plan together is like climbing a ladder: Just take it one rung at a time.
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Retiring Early? Ways to Help Avoid Early Withdrawal Penalties on Retirement Accounts
retirement Substantially equal periodic payments are one option available to those who really need to tap their IRAs early. But be aware that can be a complicated process, and could be easy to make a costly mistake, so use this strategy only if absolutely necessary, and get some help while you're at it.
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Give the Money, Keep the Tax Break with Donor-Advised Funds
Tax Breaks If the higher standard deduction have kept you from getting any tax benefits from your charitable giving, there is a way around that.
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Is Your 401(k) or IRA a Sleeping Tax Bear?
retirement Tax-deferred accounts could lead to an unwelcome retirement surprise, so start planning now to tame the beast.
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Don't Let an Ego-Driven Portfolio Crash Your Retirement
retirement Congratulations, you managed to put together a brag-worthy investment portfolio, but making the adjustments necessary to keep it there takes a lot of work. Over the years, it's not uncommon for even the best investors to lose touch, and by the time they ask for help, it can almost be too late.
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