As far back as our childhood, we have been told that we should never put all our eggs in one basket. If the basket breaks, so will all the eggs. …
Estate Planning Under the New Tax Law: Opportunities and Traps
The Tax Cuts and Jobs Act of 2017 (TCJA) is a significant tax reform measure that impacts all federal tax laws. And instead of repealing federal gift and estate taxes, …
Choose Social Security Options Wisely or It Could Cost You
Did you know that 95 percent of retirees get it wrong when it comes to choosing when to start their Social Security benefits – and it’s costing them trillions of …
401(k) Contribution Limits for 2020 | Retirement Account Contributions
The Internal Revenue Service has updated retirement plan contribution limits for 2020 to benefit taxpayers across the board. The new guidelines affect not just 401(k)s but several other account types …
Don’t “Knock” the Backdoor Roth Conversion Solution
Roth IRAs are becoming increasingly popular savings vehicles as investors realize their utility in securing long-term financial goals as well as their availability to fund shorter-term financial goals, such as …
IRMAA: The Hidden Medicare Tax
What is IRMAA? IRMAA stands for Income-Related Monthly Adjustment Amount. Many of us pay premiums for Medicare Parts B and D just like any health insurance. But high income enrollees …
