Archive | May, 2016

The Charitable IRA Transfer: Permanent at Last

In December 2015, President Obama signed into law the “Protecting Americans From Tax Hikes Act of 2015.” This new ruling made permanent many tax breaks that had been dubbed “extenders” as taxpayers would have to wait — typically until the last minute — for lawmakers to reinstate them for another year. Among the most popular […]

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Washington Hotline – May 10, 2016

WASHINGTON NEWS IRS Customer Service under Scrutiny At a May 5 Taxpayer Advocate Service forum in Red Oak, Iowa, a panel including Senate Finance Committee member Sen. Chuck Grassley (R-IA) and National Taxpayer Advocate Nina Olson, discussed how the IRS can better assist taxpayers. “Taxpayers work hard to fulfill their tax obligations,” Grassley said. “The […]

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Turning the Page: Five Things Baby Boomers Need to Know About RMDs

The times they are a changin’ for baby boomers. The generation that lived through and influenced the revolution in the retirement industry is now poised to begin withdrawing money from their retirement-saving vehicles — namely IRAs and/or employer-sponsored retirement plans. If you were born in the first half of 1946 — you are among the […]

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Your Second Wind — Starting Up a New Business in Retirement

Key Points Senior Start-ups: Common Characteristics Not for Everybody Retirement Business Ideas Points to Remember Not that long ago, retirement meant being put out to pasture, with long days punctuated by occasional games of golf and bridge. But today, with lengthening life expectancies and dwindling pensions, many Americans are looking to retirement as an opportunity […]

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