To get my complete, FREE articlewith all the details… Have you reached age 50? Then you’re in luck. You see, if you’ve hit the Big Five Oh, you can make additional “catch-up” contributions (additional money!) to certain tax-advantaged retirement accounts. This can add a whole lot of money to your accounts as time goes by. And I can prove it. Here are the … [Read more...]
Retirement
Sorted by Date
2021 Last-Minute Year-End Retirement Deductions
Are you currently using a retirement plan that’s helping you and your employees reach important retirement goals? Well, you should have one. And soon. (Read the full article for full details.) Why the rush? Because if you act by December 31, you’ll be able to put a business retirement plan in place, or make the switch to an extremely useful Roth IRA (if your income is … [Read more...]
How Roth IRAs Are Taxed
To get my complete, FREE articlewith all the details… Do you have money invested in a Roth IRA (or several)? That’s great… but be careful! Don’t believe that you can withdraw money any time you want from a Roth IRA without serious tax consequences. Here’s the story. “Qualified” withdrawals versus“Non-qualified” withdrawals. Qualified Withdrawals: Yes. Any … [Read more...]
Use “Net Unrealized Appreciation” (NUA) To Cut Taxes
To get my complete, FREE articlewith all the details… NOTE: This new article makes must-reading for…Certain EmployeesAnd…Tax pros with these types of spouses or clients Definition: NUA (Net Unrealized Appreciation) The term NUA refers to the difference between what someone pays for employer’s stock, (the cost basis), and the stock’s appreciated fair market … [Read more...]
You took coronavirus-related IRA money last year. Now what?
To get my complete, FREE articlewith all the details… During the pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) helped keep many businesses and individuals afloat. But as they say in hard-sell TV commercials… “But wait. There’s more!!!” You see, thanks to important provisions of the CARES Act, you may be eligible to take a tax-favored … [Read more...]