“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.”
“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.”
“Unfortunately, retirement is complicated, and your decisions can have irreversible consequences.”
“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.”
Giving your sister a break on purchasing a home can backfire.
Some Americans want to hide money abroad, while other Americans just want to live there. Either way, be aware of FATCA and the IRS.
South Dakota comes in as the number one state for retirement. And, number 50? New York with high taxes and property costs.
Mid-year tax planning gives you the opportunity to make any changes you think are necessary.