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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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 |
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March 1, 2021 Life expectancy tables will be updated by the IRS for the first time since 2002. If you are at "RMD" age, you may have the opportunity to draw a little less income from your retirement savings accounts in 2022. Read more »
Required Minimum Distribution Income Planning IRA IRS Retirement Plan Retirement Planning RMD |
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February 15, 2021 If a windfall has come your way, or you anticipate inheriting money or selling your company, be sure to speak to a financial professional early on.
A financial professional can offer a holistic support network, with connections that can help you build a team of trusted experts. Read more »
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