From: retirement.tips
Although most of the action taken by the new presidential administration has centered around getting a handle on the COVID-19 pandemic and stabilizing the economy, Congress may soon have a new focus: tax reform.
Recently, Senator Bernie Sanders proposed major changes to federal estate and gift tax laws. Many tax experts agree that changes…
A webinar by REAP’s David H. Morgan, MSFS, CFF, RMA, CEP®. Learn more about David here.
In this webinar learn how to protect your retirement from the IRS and avoid running out of money (even if you only have $250,000 saved). Including:
Go to page: 5 Tax Considerations to Keep in Mind
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
A new year brings new considerations for tax season.
What has changed since last year? What are a few things people often forget about or overlook?
While we still have time to get organized, here are a few details to keep in mind as you prepare to file this year.
Getting started. Gathering essential documents, such as 1099 forms,…
From: www.forbes.com
This month I was lucky enough to sit down with Jean Chatzky, CEO of
Why is it a secret? Well, it’s technically not. But, the benefits of this account…
David H. Morgan joins The Daily Two to talk about the ins and outs of tax preparation:
Your investment decisions. Your tax consequences.
Due to differences in tax treatment, municipal bonds that provide federally tax-exempt interest income typically yield less than taxable bonds. For the same reason, municipal bonds whose interest is exempt from state and local income tax may yield less than municipal bonds whose interest is taxed in a particular jurisdiction. When considering potential investments in different types of bonds, you should evaluate yields on…
From: www.forbes.com
The bipartisan COVID-19 stimulus bill just signed by President Trump includes welcome tax relief for retirees: The required minimum distribution rules for Individual Retirement Accounts and 401(k)s are waived for 2020. That means that instead of taking money out this year, retirees can keep their investments…
From: www.aol.com
We all want to keep as much money in our pockets as possible, but it’s also important to know where to draw the line when it comes to pursuing deductions and other efforts that might lower your annual tax burden. Keep in mind that certain deductions and other information on a tax return…
From: Blase & Associates, LLC
The disparate federal income tax treatment between trusts and individuals, that has existed since 1986, has grown even more pronounced than it was prior to the passage of the 2017 and 2019 year-end tax laws. This article will examine the problems which currently face us and will propose solutions to these problems.
Part I: Impact of the 2017 Year-End Tax Changes
As a result of the…
From: www.kiplinger.com
When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.
“Finding tax-efficient investments is the key to successfully saving for…
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