Market Week: March 4, 2024 (Video)
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Differences Between a Roth 401(k) and a Roth IRA
You can have both a Roth 401(k) account and a Roth IRA account. The contribution limits are separate.
What to Remember If the Stock Market Takes a Dive
Experts advise to plan for any market drop in advance to ensure your portfolio and peace of mind stay intact.
Special Use Valuation
If you own a farm or closely held business, special use valuation can be a powerful post-mortem (after death) estate planning tool that your personal representative can elect to use to help minimize federal estate tax if they have been imposed on your estate.
How much wealth you need to be in the top 1% in countries around the world
Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. Monaco has the highest net worth cutoff for the top 1% at nearly $12.9 million. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028.
Introduction to Retirement Planning
Retirement planning involves an analysis of the various choices you can make today to help provide for your financial future. To make appropriate choices, you need to predict — as well as you can — your future economic circumstances. You’ll also need to establish your post-retirement goals. When you’ve determined how much of an income […]
Premature Distribution Rule
Taxable distributions you receive from your IRA or retirement plan before you reach the age of 59½ are generally considered by the IRS as premature distributions (or early withdrawals). To discourage these premature distributions, they are not only subject to the usual federal and state income taxes on distributions but also to a 10% penalty […]
How Are You Taxed After Selling a Mutual Fund in an IRA?
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Lower Your IRS Audit Risk Before Filing Your Tax Return With These Tips
The odds of being selected for an audit are small. Still, some behaviors may attract unwanted attention—a few adjustments may be all you need to avoid the audit pile.
Split Gifts
Gift splitting is a privilege extended to married persons. It allows you to treat a gift of separate property made by you to a person other than your spouse as made half by you and half by your spouse. Gift splitting may be advantageous because it:
