The rules governing inherited IRAs have changed significantly in the last five years, adding complexity to the planning process and creating uncertainty regarding how some of the new rules should be applied. Thankfully, with the recent release of final regulations, the IRS has put to rest much of … [Read more...]
Inherited IRA
529 Plan Distributions
Investing in a 529 plan is a valuable college savings strategy; however, certain rules related to 529 account distributions are often overlooked. These nuances may not become apparent until after a distribution has occurred, potentially resulting in unexpected tax liabilities for the account … [Read more...]
Donor Advised Funds
Donor Advised Funds (DAFs) have become an increasingly popular and valuable planning vehicle over recent years. They can be very beneficial in many circumstances, allowing you to optimize tax planning as you fulfill your philanthropic goals and support the causes that matter most to you. The … [Read more...]
Owning Rental Property
Many people like the idea of owning rental properties because it seems like a passive and simple way to earn extra income. Sometimes owning rental properties can be just that, but sometimes it isn’t so passive…or simple! The checklist below will help you better understand some the challenges and … [Read more...]
Backdoor Roth Contribution
Contributing to a Roth IRA can be an important component of your retirement savings plan. However, you may be unable to make a regular contribution to a Roth IRA if your income is too high. Thankfully there is a way around the Roth IRA’s income limit with a strategy known as a backdoor Roth … [Read more...]