April marks the start of Financial Literacy Month, a nationally recognized movement to promote and support financial understanding in children and teens. For many, it's a fantastic opportunity to teach and connect with their children or grandchildren...
[+] Full Article 2023 Changes to Iowa's Retirement Taxes - 03/01/23
In March of 2022 Iowa Governor Kim Reynolds signed a historic Iowa tax reform bill. One of the biggest changes from the bill is that starting in 2023, Iowans aged 55 or older are exempt from paying state taxes on retirement income...
[+] Full Article
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May 13, 2021 What does inflation mean for your investments? In August of 2020, the Fed announced that it is willing to allow inflation to run higher than normal in order to support the labor market and broader economy. Read more »
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May 1, 2021 How can you cover your child’s future college costs? You can plan to meet the costs through a variety of methods. Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider.
Read more » 529 Plan 529 Plans College Savings Iowa 529 Plan Saving for College |
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April 1, 2021 Do you know what has changed for I.R.A. beneficiaries?
New inherited I.R.A. rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement Account (I.R.A.) distributions. Read more » #InheritedAssets #InheritedIRA #IRA #ROTHIRA Inherited IRA IRA ROTH IRA |
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March 25, 2021 A choice for IRA owners who want to reduce taxes linked to IRA distributions.
Do you have an IRA? As you enter your 70s, you may start to look at that IRA not only as an asset, but also as a problem. By law, you must take required minimum distributions (RMDs) from a Traditional IRA once you reach age 72; there are very few exceptions to this. Read more » #IRA #RMD IRA Philanthropy QCD Qualified Charitable Distributions Required Minimum Distribution RMD |