Read Andy’s article published by Advisor One on “What Would Happen If We Lowered The U.S. Corporate Tax Rate”? http://www.advisorone.com/2011/04/25/continuous-robbery
“Tax Penalty Exceptions: Early Distributions From IRAs”
Read Andy’s article published by Advisor One regarding “Early Distributions From IRAs”… http://www.advisorone.com/2011/03/14/tax-penalty-exceptions-early-distributions-from-irs
The 401k Plan Beneficiary Payout Issue
How does your 401k plan dictate beneficiary payouts? Some retirees have chosen to leave their retirement assets sitting in their 401k plans instead of rolling it over to an IRA once they retire. However, most retirees aren’t aware of their former Employers policies and procedures in regards to beneficiary payouts. Some companies may allow the beneficiary account to remain within …
Do you owe Gift Tax?
Do you owe Gift Tax? Most people aren’t even aware a Gift Tax actually exists! Well, for simplistic purposes, gift tax is a tax placed on any gifts, which you have given to someone while you are still living. Even though you are allowed to give any amount b/w spouses with no gift tax affects, there is a current annual …
Is Your Will Worthless?
Is your Will worthless? While a wonderfully drafted Will helps to transfer wealth and hopefully minimize inheritance tax, a Will without proper estate planning can sometimes become worthless. Beneficiary designations, ownership titles, or transfer on death provisions all have affects which could negate a wonderfully drafted Will all together. It is important to make sure your complete estate plan involves …
Eight Questions to Ask About Roth IRA Conversions: ADVICE Column
In a previous article, I couldn’t tackle all the issues associated with this complicated conversion dilemma, nor can I completely finish them here. However, I’d like to propose a number of additional issues worth considering, based on feedback to my original article, in the hope that it, as well as other discussions, will prompt advisors to step back and at …
Social Security in Trouble
Recently a question was asked to Barack Obama about Social Security. The President remarked: “So here’s the thing. Social Security is not in a crisis.” Hold up a minute, maybe the President has not read the Trustee’s of Social Security Annual report issued August 5th 2010. The “Social Security Act” requires the Trustees of Social Security Trust Fund to report …
Dying Without A Will
What happens if you die without a Will? Well, really no one dies without a Will, because if you haven’t created one for yourself the state you live in will. Dying without a Will is known as dying “intestate”, which basically means the state at which you live at the time of death already has specified laws to determine how …
2010 Fi360 Article Competition Winner – Andrew D. Rice
Andy recently won Fi360’s article competition for the article he wrote “Roth Conversion – The Gamble of a Lifetime”. The article was published by Investment News on January 31, 2010. You can also read the announcement of Andy as the winner on Fi360’s website