When do I have to take from his IRA? Rules for inherited IRA distributions changed with the Secure Act... Read More When I retire, will I have to pay income tax on my pension? The New Jersey pension exclusion may save you on tax if you qualify... Read More How much in tax wil...
My dad died. When do I have to take from his IRA? Here’s your chance to buy NJMoneyHelp merch! When I retire, will I have to pay income tax on my pension? How much in tax will I owe when I sell this home? Oct. 28, 2024 ...
Another strategy for consideration involves the tax free, lump-sum distribution of Inherited IRA into an irrevocable CRT that names Designated Beneficiaries as income beneficiaries and a charitable organization as the remainder beneficiary. Conceptually, the CRT will make distributions to the beneficiaries ...
1981: Economic Recovery Tax Act Newly minted President Ronald Reagan signed off on the largest tax cut in history with the Economic Recovery Tax Act (ERTA). His rationale was that instead of using tax cuts to incentivize individuals to buy goods, the government would use them to incentivize bu...
Guiding you with Qualified Charitable Distributions from your IRA Can I do a Qualified Charitable Distribution (QCD) from my Individual Retirement Account (IRA)? This post provides guidelines for taking QCDs from IRAs. You need to be at least age 70 ½ before you can make a QCD. A Qualifie...
and strategies. Topics analyzed and discussed included 1) elder law; 2) asset protection; 3) statutory case law developments; 4) planning with financial assets including annuities, Roth IRA’s, and life insurance policies; 5) litigation and tax controversies; 6) networking and practice development...