4 Steps to Take When You Inherit an IRA
Whether you inherit an IRA from a spouse or non-spouse there are important steps that need to be executed as a heir.
Hierarchy of Tax-Preferenced Savings Vehicles for High-Income Earners
"In an attempt to both encourage retirement savings, and provide a tax subsidy to help savers reach their retirement goals, the Federal government has created a number of different types of tax-preferenced retirement accounts over the years." - Kitces
Tax Cuts and Jobs Act - Part 3
On January 1, 2018, the most sweeping overhaul of the US tax system – the Tax Cuts and Jobs Act – went into effect. While the bill is over 500 pages long, let’s briefly examine items not changing. But please keep in mind that this summary is in no way comprehensive nor is it meant to be construed as tax advice – you should consult your advisor to determine how it might impact you personally
Tax Cuts and Jobs Act
Five days before Christmas, the Senate passed the "Tax Cuts and Jobs Act" by a party-line vote of 51 to 48, with Republican Senator McCain absent for medical reasons. No matter your political affiliation, almost everyone agrees that is the most sweeping overhaul of the US tax system in more than 30 years.
Passive vs. Active – Let’s End the Debate
It is one of the most hotly debated topic in the financial industry – and it’s also one of the most misapplied topics too. Are investors better off utilizing passive or active strategies? Or should investors combine the two? But before you answer, I want you to think about this: passive vs. active should apply to strategies – not investing. There is a big difference.