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IRA  // Posts tagged as "IRA"

17 Mar Posted by in Newsletters | Comments

April IRA Deadlines Fast Approaching

April IRA Deadlines Fast Approaching

As tax day approaches, there are two other April deadlines that may apply to you. If you have an IRA, take note of these dates: April 1 – If you turned 70½ in 2016 (six months after your 70th birthday), you must take your first required minimum distribution (RMD) from your IRA by April 1. […]

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10 Nov Posted by in Newsletters | Comments

Supreme Court rules on inherited IRAs

Supreme Court rules on inherited IRAs

Your retirement funds are protected from creditors even if you file for bankruptcy, with only a few limitations. This protection extends to funds in all government-qualified pension plans, including IRAs (traditional and Roth), 401(k)s, 403(b)s, Keoghs, profit sharing, money purchase, and defined benefit plans. A recent U.S. Supreme Court decision has held, however, that an […]

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06 May Posted by in Newsletters | Comments

Recent Tax Court case limits IRA rollovers

Recent Tax Court case limits IRA rollovers

A recent Tax Court decision will change the way the IRS applies the law on IRA rollovers. For years, the IRS has interpreted the IRA rollover rules to mean that a taxpayer could do one rollover per year for each IRA he or she owned. In doing a rollover, the taxpayer is not taxed on […]

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25 Feb Posted by in Newsletters | Comments

Put your tax refund to work for you

Put your tax refund to work for you

The IRS recently published statistics on the 2013 tax filing season. During 2013, the IRS issued over 109 million tax refunds totaling almost $300 billion. The average refund was $2,744. If you’re one of the millions of taxpayers who get a refund every year, consider using it this year to improve your financial situation. Everyone’s needs […]

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06 Sep Posted by in Newsletters | Comments

Important tax deadlines coming up

Important tax deadlines coming up

You don’t usually think of fall as a major tax filing time, but there are several important tax deadlines coming up this September and October. Check the deadlines below to see if any apply to you or your business. September 15 – Due date for third quarter installment of 2011 individual estimated income tax.   […]

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18 Aug Posted by in Newsletters | Comments

Great Sources of Tax-Free Income

Great Sources of Tax-Free Income

Here’s a quick reminder that not all income is taxable. The following 10 common sources of tax-free income may be potential opportunities for you during the 2011 tax year: Scholarships/Fellowships— As a general rule, monies received to cover tuition, books, and fees are non-taxable. Roth IRA Earnings— As long as you meet the requirements of […]

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27 Jun Posted by in Newsletters | Comments

Dealing with Finances After a Spouse’s Death

Dealing with Finances After a Spouse’s Death

When a husband or wife dies, the surviving spouse may face unfamiliar financial decisions and issues. If you’re in such a difficult situation, here are a few guidelines to help you cope. Locate key documents. Look through your house and safety deposit box for wills, life insurance policies, marriage certificates, property deeds, and other records. […]

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26 Apr Posted by in Newsletters | Comments

ROTH IRA’S- A Smart Tax Idea for Teens

ROTH IRA’S- A Smart Tax Idea for Teens

Greetings! Many teens work during the summer months, and some have part-time jobs throughout the year. Persuading your working teen to make retirement contributions isn’t the easiest thing you will ever do. However, investing in Roth IRA’s may be the wisest possible use of his earnings. The very nature of Roth IRA’s, combined with the […]

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