Provided by Joseph Regenstein IV, CMFC on September 9, 2011 Here are some things to consider. Be sure you understand your options when an IRA is inherited. When the owner of an IRA passes away, his or her heirs must be aware of the rules and regulations affecting the inherited IRA. Ignorance could lead you straight toward a tax disaster. Please note that this is [...]
Read more » Provided by Joseph Regenstein IV, CMFC on July 24, 2011 What do you do when you inherit an IRA? Good question. Most people don’t know the rules and regulations pertaining to inherited IRA assets. You should. You, not the IRS, should benefit the most in this circumstance.
Read more » Provided by Joseph Regenstein IV, CMFC on March 16, 2011 April is nearly here. Keep your IRA in mind. Many of us associate April with taxes. We should also associate it with IRAs, for April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals. The deadline for your 2010 IRA contribution is April 18, 2011. Yes, April 18. This year, April [...]
Read more » Provided by Joseph Regenstein IV, CMFC on June 22, 2010 That’s part of the plan. How will you be affected? In 2013, wealthy Americans will pay extra Medicare taxes. Congress, President Obama and the IRS are putting a surcharge on the wealthy to help fund the health care reforms. Beginning in 2013, joint filers with adjusted gross incomes of $250,000 or greater and single filers [...]
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