314
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Estate Planning Red Flag – You’re taking periodic payments from an IRA or 401(k) plan
January / February 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 314
Abstract: A tax-advantaged savings plan, such as an IRA or 401(k) plan, is designed to help fund one’s retirement. But to the extent that a person doesn’t need the funds during his or her golden years, they can be a valuable supplement to an estate plan. This brief article explains the negative effects of taking early payments from an IRA or 401(k).
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Estate Planning Red Flag – You’re borrowing from your retirement plan
November / December 2018
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 314
Abstract: A person may be tempted to borrow from his or her 401(k) or other qualified retirement plan to pay for college tuition, credit card bills or other expenses. This brief article explains that, given the risks and hidden costs of borrowing from a retirement plan, it should generally be viewed as a last resort.
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When an elderly parent might qualify as your dependent
February 2018
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 314
Abstract: It’s not uncommon for adult children to help support their aging parents. Those in this position might qualify for an adult-dependent exemption on their 2017 tax returns. This article explores the basic qualifications and some important factors related to this tax break.
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IRS grants tax relief to drought-stricken farmers and ranchers
January 2015
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 314
Abstract: The IRS has extended the time to replace livestock that farmers were forced to sell due to recent drought. This may help some farmers defer tax on any gains they received from the forced sales. This article lists eligibility requirements.