Newsletter Retirement Plan
Proposals in the
President’s Budget
• 1) Mandatory Auto-
Enrollment IRAs for Certain
Small Businesses
• 2) Mandatory 5-Year Rule for
Non-Spouse Beneficiaries
• 3) Establish a “Cap”
on Retirement Savings
Prohibiting Additional
Contributions
• 4) Create a 28% Maximum
Benefit for Retirement
Account Contributions
• 5) Eliminate RMDs for
Clients with $75,000 or Less
in Retirement Accounts
• 6) Allow Non-spouse
Beneficiaries to Make 60-Day
Rollovers of Inherited Funds
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$5000 Traditional IRA (all aftertax dollars) $2800 SEP IRA – active sole proprietor (separate from gov’t job) $70,000 Traditional IRA...
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A client deposited an extra payment into her Roth IRA. We are after the tax deadline of April 15th, so...
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The sequester is coming! The sequester is coming! That is all you heard in February and March. What does that mean for you?
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I am working with a 69 year old divorced woman who received a portion of her ex-husband’s Deferred Profit-Sharing Plan...
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This week's Slott Report Mailbag discusses Roth IRA contributions, conversions and the availability of certain employer-sponsored retirement plans. Click to read a Q&A with our IRA Technical Expert.
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Tradition has it that when a man and a woman get married, the woman typically takes the last name of her husband. Although today, many choose to modify this tradition, perhaps by hyphenating their maiden name with their husband’s surname, or do away with it altogether and keep their own name, there are still many who keep this tradition alive.
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If the beneficiary is a church or charitable organization, what % of the cash value premiums are tax deductible for...
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If a client gifted 14k to a son and daughter in law (total 28k) and then the son and daughter...
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client has 3 children who are married. She wants to gift to them all this year. a. She can gift...
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