IRAs can be complicated
Most of the work we do centers around retirement and estate planning. What we often find is that many people don’t realize that IRAs are very different from all their other assets. I generally work to reduce or eliminate them in retirement. IRAs are a great savings...
Catch-up contribution chaos
The SECURE 2.0 Act is full of great benefits for those saving for retirement. Among the new changes are “super catch-up contributions” for those between age 60 and age 63. While this new higher contribution limit is welcomed by many, it can be extremely complicated...
Qualified Charitable Distributions (QCDs)
Qualified Charitable Distributions, or QCDs, are a great way to give to your favorite charitable organization. A QCD is a transfer directly from your IRA to a charity that excludes up to $108,000 for 2025 from your required minimum distribution that year. For those...
Deferring taxes isn’t always smart
Taxes: Most people hate them, and rightly so. We are taxed on our income, then on the things we buy with our already taxed income. We are then taxed yet again on an ongoing basis for things we already own until the day we die. It doesn’t end there, though. We can then...
What does the ‘Big Beautiful Tax Bill’ mean for you?
Lately, there has been a lot of talk about the “Big Beautiful Tax Bill” that has so far passed the House. The bill now heads to the Senate, where it will almost assuredly be changed. This week, I wanted to cover the basics that may apply to many readers since it is a...
