
You Just Received an Inheritance? So did Uncle Sam!
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
The only difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. – Mark Twain Don’t try to keep
Politicians, journalists, and lawyers never retire – at least, it seems that way. Arnold Palmer was once asked when he would retire and he said,
This, courtesy of the Financial Planning Association (FPA), of which I am a member: A U.S. Tax Court ruling on IRA rollovers has the IRS
We’re living longer. No news. During your working years you’re saving and accumulating assets. That’s not normally the case for those who retire. Retirement is
If you’ve changed jobs or are getting ready to retire, don’t leave your old retirement account behind. Rolling over your employer-sponsored plan—like a 401(k) or 403(b)—into an IRA or new employer’s plan keeps your money growing tax-deferred and gives you more control over your investments.
The Big Picture:
For years, baby boomers drove the housing market, and much of the economy, as they moved into their first homes, began raising families, and moved-up to larger homes finally ending-up in the “McMansions” we’re all familiar with today. The boomers are now older—they’re no longer moving up. In fact, they’re just beginning to “decumulate” and downsize.