Back to Basics or Back to Basis?
Given the generous exemptions against the Federal estate tax, many of our clients are moving away from traditional “bypass” trust planning. We are seeing this arise not only as married couples update their planning, but we also see the issue arise after one of them...Apples and Oranges, I Like Both
Taxpayers should consider taking advantage of IRAs of both flavors: Traditional and Roth.
The Dreaded April Taxtime
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
Being 70-1/2 Years Young
Important read for those approaching age 70-1/2, who will need to begin their required minimum distributions from their IRAs and qualified plans. The rules are technical and this article provides a good summary.