How Do Inherited IRAs Work?
“When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person’s loved ones through an inherited IRA.”
Sometimes, Estate Tax Planning Can be a Challenge, Even for a Judge
“A judge said he remains unsure how to rule following a four-day trial, in which the IRS accused a taxpayer of using life insurance policies to avoid estate taxes.”
How to Prevent the Top Six Retirement Planning Mistakes
“Unfortunately, retirement is complicated, and your decisions can have irreversible consequences.”
Do You Have to Relocate for Retirement?
“Many seniors wind up retiring in the same place they lived during their working years. If the city or town you lived in throughout your career is filled with amenities, family members and friends, then you may want to stay put during your golden years.”
IRS Questions May Arise After Selling Inherited Home to Relative
Giving your sister a break on purchasing a home can backfire.
Retirees Living Abroad May Face IRS Penalties
Some Americans want to hide money abroad, while other Americans just want to live there. Either way, be aware of FATCA and the IRS.
Planning to Relocate? Where Is the Best Place?
South Dakota comes in as the number one state for retirement. And, number 50? New York with high taxes and property costs.
Take a Good Look at Taxes at the Halfway Point
Mid-year tax planning gives you the opportunity to make any changes you think are necessary.
