IRA
Inflation Adjustments May Generate Tax Savings in 2012
The IRS recently announced that inflation is increasing many dollar amounts in the Tax Code for 2012. For taxpayers, the inflation adjustments may help reduce their overall tax liability in 2012. Inflation adjustments Many provisions in the Tax Code are required to be adjusted annually for inflation. These include various deductions, exemptions and exclusion amounts. … read more
Planning your Retirement – Reading List
If you’re a small business owner, someone who’s approaching retirement age, an entrepreneur with a new business start-up, or a family of four with kids getting ready to leave for college, retirement is something we all have in common. No matter your age, or where you are in life, planning for retirement is something that… read more
It’s Your Retirement. Are You in the Driver’s Seat?
If you’re like many Americans, your retirement may be on autopilot. This may have been okay in decades past when people could rely on employer funded pension plans and Social Security. It may even have been fine when the economy was robust. These days, however, the traditional pension plan is becoming an endangered species and… read more
Roth IRA Conversions
Beginning in 2010, the AGI Limit of $100,000 on conversions of traditional IRAs to Roth IRAs is eliminated. The conversion is treated as a taxable distribution and taxed as ordinary income at your marginal tax rate. A Roth IRA grows tax free, and distributions after age 59 ½ are tax free. Congress provided a special… read more
