Roth IRA Conversions

Qualified distributions from Roth IRAs are tax free

A withdrawal from a Roth IRA (including both contributions and investment earnings) is completely tax free (and penalty free) if made at least 5 years after you first establish any Roth IRA, and if one of the following applies:

Top Reasons to Do Estate Planning

The general purpose and use of these family revocable trusts are to help an individual avoid the costs associated with the probate process, reduce and in many cases eliminate federal and state estate taxes, and ensure the proper disposition and control of their assets to their family members following their demise.

Myths and facts about Social Security

Myth: Social Security will provide most of the income you need in retirement.

Which specific taxes would be affected by impending "fiscal cliff"

With 2013 rapidly approaching, there has been growing talk of the impending “fiscal cliff.” This refers to the combination of the tax increases and spending cuts that are currently written into law for the start of 2013. According to the Urban Institute and the Urban-Brookings Tax Policy Center, the fiscal tax increase would amount to approximately $536 billion, or about $3,500 per household. The Congressional Budget Office forecasts that real GDP would contract by 0.9 percent in the first half of 2013 as a result of the fiscal cliff.

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