Annuities
Want to Defer RMD Taxable Income? Try a QLAC!
Why are QLACs getting a attention now? Two reasons: (1) SECURE Act 2.0, and (2) rising interest rates.
June 3, 2024
Category: IRAs
IRAs
Facing Retirement Account Rollover Decisions?
Believe it or not, you’ll have a number of options available to you – and it pays to do your homework before making decisions that could be irrevocable – and costly.
March 13, 2024
IRAs
Roth Accounts Provide Many Advantages – But Congress Could Provide the Wild Card.
But Congress Could Provide the Wild Card. Roth accounts can be attractive, especially when viewed through the lens of our national debt and the possibility (probability?) of higher taxes in the future to fund that debt.
August 7, 2023
Investing
Which is Better: An IUL or a Roth IRA?
When it comes to building a solid financial future, finding the right investment vehicle can be a daunting task. Comparisons are often made between an IUL (Indexed Universal Life Insurance) and a Roth IRA (Individual Retirement Account) as a choice between getting life insurance or investing in the stock market. While an IUL can give the appearance of doing both; however that’s not really the case – and, often, this can lead to unrealistic expectations.
June 6, 2023
IRAs
SECURE Act 2.0 and How Tax Law Changes Might Change Your Plans.
The SECURE Act includes roughly 100 new rules for retirement affecting both individuals and businesses – all with tax implications and various effective dates. These are the most expansive changes to retirement rules in 40 years.
March 31, 2023
IRAs
The Big (Expensive) Rollover Mistake Some People Make
At retirement, some people receive a check from their employer for their 401(k) balance and write a check for deposit into their IRA before the 60-day deadline, just like they were told, to avoid any problems with the IRS. They’ve met the deadline. The money is now in their IRA. They’re clear and the rollover is complete…. or is it?
March 14, 2023
IRAs
What People Get Wrong About Retirement Rollovers
Here’s what people get wrong when making rollover decisions.
February 27, 2023
IRAs
Does SECURE Act 2.0 Create a Stealth Tax?
The SECURE Act 2.0 may do a lot to help secure Uncle Sam, but I’m not so sure about the rest of us.
January 23, 2023
IRAs
Thinking About a Rollover?
No, we’re not training your dog. But, if you’re nearing retirement, you know exactly what a rollover is – and you know it’s a big decision.
January 16, 2023
Family Issues
IRAs With Excess Assets Impact Family Members Too!
After passage of the SECURE Act of 2019, non-spouse IRA beneficiaries are now required to liquidate their inherited IRAs by the end of the 10th year. Often, that means they’ll be withdrawing taxable income from the inherited IRAs during their peak earning years – great gift for Uncle Sam, but not so good for the kids.
January 9, 2023
