19 Oct Should I create a company to hold properties my kids will inherit?
You should speak to an estate planning attorney to plan for your heirs. ...
19 Oct What taxes are paid when you convert to a Roth IRA?
Converting a traditional IRA to a Roth has long-term positives. ...
16 Oct I didn’t take my RMD. What should I do now?
Forgetting to take a retirement distribution can be a costly mistake. ...
16 Oct What happens with taxes when this married couple sells their home?
There are two tests to pass before you can take the capital gains exclusion....
15 Oct If I take from my Roth IRA, will I get the pension exclusion?
If you have income of more than $100,000, you lose this benefit. ...
15 Oct Should I take a large distribution from my IRA?
While you can take a penalty-free withdrawal, you will still owe taxes. ...
14 Oct Will the IRS know if I’m truthful about early 401(k) withdrawals?
Early withdrawals under the CARES Act must be for a COVID-19 reason. ...
14 Oct Can I sell my long-term care insurance policy?
While you can sell a life insurance policy, LTC insurance doesn't work that way. ...
13 Oct Is this tax-saving strategy for college savings legal?
College accounts aren't considered charity, so this strategy won't work. ...
13 Oct What happens with taxes while I’m working at home?
If you normally work out of state but now you're home, here's how it works. ...