A common misconception is that trusts are only for the extremely wealthy, however, there are a host of benefits that trusts can provide to everyone.
Author Archives: Karly Laughlin CPA
The Bipartisan Budget Act of 2015, which was signed into law on November 2, 2015, is closing some of the advantageous Social Security filing options that were formerly available.
As the holidays quickly approach, consider the following tips to make the most of your gifts this year.
Now that we have discussed the basics of Required Minimum Distributions (RMD) in The ABCs of RMDs. it’s important to see how you can get the most from your money. RMDs may be a mandate, but that does not mean there isn’t room for flexibility when it comes to tax planning.
The key to Required Minimum Distributions (RMDs) is to know what they are and how they could affect you. Failing to act could result in significant penalties. Here are a few of the basics: Taxpayers are mandated to begin taking taxable withdrawals from their IRAs and 401(k)s in the year they turn age 70 ½. Taxpayers have until April 1 … Continued