Mar 28, 2015 | 401k, Do You Know, Retirement Plans
In the category of you-likely-know-this-but-an-IRS-reminder-can’t hurt: WASHINGTON — The Internal Revenue Service reminded taxpayers who turned 70½ during 2014 that in most cases they must start receiving required minimum distributions (RMDs) from Individual...
Mar 24, 2015 | Do You Know, News
We don’t often plug books in this space, but we’ll make an exception in this posting. Never mind Fifty Shades of Grey, what about the many more dizzying shades of social security rules & regulations? The question was prompted by an eye-opening thinkadvisor.com...
Mar 20, 2015 | IRA, Protect Your Family, Tax deductible, Tax Planning and Deductions
Eligible taxpayers can contribute up to $5,500 to an IRA. For someone who was at least age 50 at the end of 2014, the limit is increased to $6,500. There’s no age limit for those contributing to a Roth IRA, but anyone who was at least age 70½ at the end of 2014 is...
Mar 18, 2015 | Do You Know, Market Improvement, Pension Parameters, Tax Planning and Deductions
Income tax returns are the most imaginative fiction being written today. –Herman Wouk I just filled out my income tax forms. Who says you can’t get killed by a blank? –Milton Berle Jokes about the IRS and taxes are, of course, always plentiful...
Mar 12, 2015 | 401k, Do You Know
It may not be as commonly known as, say, the Blue Book (for those interested in pricing cars) or the Red Book (a pharmaceutical reference guide), but for investors, The “401K Averages Book” should have your attention. And according to its latest edition, writes...
