In 2020, a year when all income brackets benefited from… Read more »
Converting a Traditional IRA into a Roth IRA
Category: Wealth Management
Preparing to be an Executor
The role of an executor can be extremely time consuming and stressful. However, there are steps that can be taken now, while your friend or loved one is still living, that can reduce the stress and complications that come with the job. This article covers 9 steps.
Estate Planning – It’s a Matter of Trust
Early estate planning is one way to ensure that as you age, your assets will be protected and managed with your best interests in mind. One common method is the creation of a revocable living trust (“living trust”).
Section 199A Rental Real Estate Activity Safe Harbor
The taxation of passthrough income was among the many areas… Read more »
Section 1031 Like-Kind Exchanges under the TCJA
The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.
What Does the New Qualified Business Income Deduction Mean for You?
To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.
4 Steps to Create an Organizational System for Important Documents
Creating an organizational system for important documents will help the… Read more »
State Income Taxes for the Investor – One Size Does Not Fit All
Do you know the state income tax implications of the… Read more »
Irrevocable Life Insurance Trusts: Administration Checklist
An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.
Fixed Income Investments: Strategies for Bond Portfolios in a Changing Market
Because bonds can be purchased either individually or through a bond fund, it is essential that distinctions are drawn between the two since they are mechanically different.