The SECURE Act signed into law December 2019, includes a significant change to the mandatory RMD age requirement. The RMD age has been advanced to age 72 from the previous limit of 70½. This revision reflects that Americans are living and working longer. Notably, since the original law was enacted, life expectancy has increased more...Read More
YOUR LIFE CYCLE … AND THE TAX CUTS & JOBS ACT (TCJA) The TCJA Affects Your Tax Planning Regardless of Your Stage of Life While there is every likelihood that there will be continued guidance from the IRS or legislators, here’s how we see the TCJA as it affects various stages in life for individual...Read More
PLAN TO SELL YOUR HOME? Good News! You May Qualify to Exclude Gain from Income Your home is likely your single most valuable asset. Good to know that when you eventually sell it, most of the profit you make won’t go to the IRS. Will you pay tax on the sale of your home? Now,...Read More
HOW TO CHOOSE THE EXECUTOR OF YOUR ESTATE Never a Popularity Contest Who Will Implement My Estate Plan Upon My Disability or Death? Choosing the executor of your estate is the single most important decision you will make to minimize future unknowns, provide peace-of-mind for your family and create an orderly transition of assets in...Read More
VACATION RENTAL HOME BENEFITS & TAX BREAKS Personal Use and As a Rental Unit Well here we are half way through the summer and many of us have taken a vacation … maybe at a pricey resort or just day trips to the beach, lakes or the mountains. In this article, we’ll take a look...Read More
Peace of Mind for Your Family & Orderly Transition of Assets “In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin Nearly 230 years later … truer words were never spoken! There is no cure for either, but there are strategies to mitigate the effect of taxes in...Read More
