Why Retirees Should Care about the CARES Act: How to Maximize Coronavirus Stimulus Package
IRAs

Why Retirees Should Care about the CARES Act: How to Maximize Coronavirus Stimulus Package

The government's $2 trillion stimulus bill has something for pretty much everyone. Here's how retirees are affected and some steps to consider to make…
April 8, 2020
The Deadline for Your First RMD Is April 1
retirement

The Deadline for Your First RMD Is April 1

Time is running out if you turned 70½ in 2019 and haven't yet withdrawn funds from your retirement account.
April 6, 2020
How Much Can You Contribute to a Traditional IRA for 2019?
IRAs

How Much Can You Contribute to a Traditional IRA for 2019?

The IRA contribution limit is $6,000 for 2019. If you are age 50 or over, you can contribute an extra $1,000 as a catch-up contribution.
April 4, 2020
Claim These Tax Deductions Even If You Don’t Itemize
Tax Breaks

Claim These Tax Deductions Even If You Don’t Itemize

One of the biggest changes the 2017 tax reform law brought was a near doubling of the standard deduction.
April 2, 2020
Retirees, Pick the Perfect Financial Planner
retirement

Retirees, Pick the Perfect Financial Planner

When you’re trying to get a handle on your money, from investments and savings to figuring out retirement and preparing for your future, you might nee…
April 1, 2020
11 Ways the CARES Act and Other Government Measures Could Help You in 2020
unemployment

11 Ways the CARES Act and Other Government Measures Could Help You in 2020

Hopefully, the CARES Act and other coronavirus stimulus measures will get the U.S. economy back on track. Some of the changes made could improve your …
March 31, 2020
A CPA's Guide to the New Later Tax-Filing Deadline
IRAs

A CPA's Guide to the New Later Tax-Filing Deadline

Wondering how the July 15, 2020, extended tax-filing deadline affects you and how to make the most of it? Check out this FAQ with CPA Riley Adams.
March 30, 2020
A Hidden Benefit of the Coronavirus Stimulus Bill: You Can Wait to Take Your RMD
required minimum distributions (RMDs)

A Hidden Benefit of the Coronavirus Stimulus Bill: You Can Wait to Take Your RMD

Legislation is expected to waive required minimum distributions from retirement savings accounts for 2020.
March 30, 2020
11 Coronavirus Stimulus Measures That Could Help You in 2020
taxes

11 Coronavirus Stimulus Measures That Could Help You in 2020

The coronavirus (COVID-19) outbreak is crushing the U.S.
March 26, 2020
SECURE Act Basics: What Everyone Should Know
retirement

SECURE Act Basics: What Everyone Should Know

The rules on retirement have recently been rewritten. Here are the biggest changes and how they could affect you.
March 24, 2020
Cure Your IRA Tax Infestation with a Roth
retirement

Cure Your IRA Tax Infestation with a Roth

Nasty taxes are hiding in 401(k)s, 403(b)s and traditional IRAs. To help eradicate that problem, Roth accounts could give you the flexibility you'll n…
March 13, 2020
Watch Out for a New Tax Bomb, Courtesy of the SECURE Act
retirement

Watch Out for a New Tax Bomb, Courtesy of the SECURE Act

Don't let the death of the "stretch IRA" diminish your legacy. Here are three strategies to consider to keep the inheritance you plan on passing down …
March 10, 2020
A Penalty-Free Route To Tap an IRA
retirement

A Penalty-Free Route To Tap an IRA

The SEPP strategy lets IRA owners avoid the early-withdrawal penalty by taking equal payments for at least five years or until the owner turns 59½.
March 6, 2020
The Elimination of the Stretch IRA: 7 Strategies to Consider
retirement

The Elimination of the Stretch IRA: 7 Strategies to Consider

Some, like Roth IRA conversions, will be familiar possibilities. Others, including spray trusts and strategic disclaiming of spousal IRAs, might be ne…
March 5, 2020
Alternate Strategies for Stretch IRA
retirement

Alternate Strategies for Stretch IRA

There are still moves that IRA owners can make to help ease the transfer of their legacy to their chosen beneficiaries and save some money from the ta…
March 3, 2020
10 Ways the SECURE Act Will Impact Your Retirement Savings
retirement

10 Ways the SECURE Act Will Impact Your Retirement Savings

The new law changes the start date for RMDs, lets you contribute to an IRA longer, expands the use of 401(k) plans and much more.
February 28, 2020
SECURE Act: What to Do Now to Help Limit Heirs' Taxes Later
retirement

SECURE Act: What to Do Now to Help Limit Heirs' Taxes Later

The new retirement law significantly impacts beneficiaries of retirement accounts and trusts. To limit the tax ramifications, consider your options.
February 27, 2020
IRA Rollovers: What's in a Name? A LOT!
retirement

IRA Rollovers: What's in a Name? A LOT!

Do you understand the difference between a 60-day rollover and a trustee-to-trustee transfer? If you don't, you could be slapped with a hefty tax bill…
February 25, 2020
How Much Can You Contribute to a SEP IRA for 2020?
IRAs

How Much Can You Contribute to a SEP IRA for 2020?

The maximum SEP IRA contribution is higher for 2020 than it was for 2019.
February 24, 2020
How Much Can You Contribute to a SIMPLE IRA for 2020?
simple IRA

How Much Can You Contribute to a SIMPLE IRA for 2020?

The maximum amount workers at small businesses can contribute to a SIMPLE IRA for 2020 is $500 higher than it was for 2019.
February 24, 2020
How Much Can You Contribute to a Traditional IRA for 2020?
IRAs

How Much Can You Contribute to a Traditional IRA for 2020?

The contribution limit for traditional IRAs holds steady for 2020.
February 24, 2020
How to Leave a Legacy After the SECURE Act
retirement

How to Leave a Legacy After the SECURE Act

With the death of "stretch IRAs" comes a new era of estate planning. Many people's plans need some serious tweaks.
February 24, 2020
5 Ways the SECURE Act Could Harm Retirees
Making Your Money Last

5 Ways the SECURE Act Could Harm Retirees

To avoid RMD penalties, tax bills that are (possibly MUCH) higher than necessary and other problems, make sure you understand this groundbreaking new …
February 24, 2020
Retirement and Estate Planning Opportunities after the SECURE Act
retirement

Retirement and Estate Planning Opportunities after the SECURE Act

Have a big IRA or a trust? Your strategies for limiting the tax burdens on your beneficiaries may have just changed ... a LOT.
February 19, 2020
RMDs: When Do I Have to Take One?
IRAs

RMDs: When Do I Have to Take One?

Required minimum distributions are a fact of life for traditional IRAs. The rules are complex and they've recently changed.
February 14, 2020
Raiding Your 401(K) Can Be a Divorce Disaster
retirement

Raiding Your 401(K) Can Be a Divorce Disaster

It's more common than you might think: Tapping retirement accounts to make ends meet during divorce. And it's also potentially much more costly than y…
February 10, 2020