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Year-end retirement planning is in full swing. We are less than a week away from Christmas and in two short weeks 2013 will be here. Financial advisors and their clients are working hard to develop a proactive plan to guard against rising taxes. Ed Slott has your answers on gifting, RMDs (required minimum distributions) and QCDs (qualified charitable distributions) in three year-end planning videos found below.
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We have spent a great deal of online real estate on the financial aftermath of Hurricane Sandy and the toll it took and continues to take on disaster relief efforts both structurally at shore points up and down the Jersey coast and into New York and financially on the tens of thousands who saw their homes, vehicles and personal belongings wash away with the "once-in-a-century" storm.
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Good Afternoon Does being a special needs beneficiary of an Coverdell ESA have any impact on SSI eligibility? Thank you!
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A client of mine did a Roth conversion in 2009. Subsequently, he and his wife ended up filing taxes as...
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Can a spouse make two separate tax free transfers one at the time of the divorce and a lesser one...
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Most of the talk of the fiscal cliff focuses on the impending tax increases and budget cuts and the impact that they will have on businesses, governments, and, ultimately, on taxpayers. One of the ways that taxpayers will be affected is caused by the impact of the fiscal cliff on IRS.
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Two questions, about taxes on money distributed from an inherited IRA in the name of the estate and about taking...
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IRA rmd is taken and included as taxable income. Now where can you put the proceeds? 1. just put it...
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This week's Slott Report Mailbag answers what we call some of the "nuts and bolts" of IRA planning. We received questions on required minimum distributions (RMDs) and inherited IRAs - two of our most popular topics, and also two of the topics where we see the most mistakes and disaster stories. Away we go with another Thursday mailbag!
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Client is 65 and has $403 in IRA. $63k is after tax contributions.Client considering converting entire amount in 2012 and...
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