How to Calculate Your Required Minimum Distribution (RMD)
One of the most common questions we hear is: “How do I know how much I need to withdraw for my RMD?” The IRS provides clear rules for calculating your Required Minimum Distribution (RMD) each year. The good news is—you don’t have to do this math on your own....How RMDs Fit into Your Retirement Strategy
Required Minimum Distributions (RMDs) are more than just an IRS requirement. While the primary purpose is compliance — making sure tax-deferred dollars eventually get taxed — RMDs can also play an important role in your overall retirement planning. Here are some ways...Common Misconceptions About RMDs
Required Minimum Distributions (RMDs) can be confusing, and unfortunately, there’s a lot of misinformation out there. Misunderstanding the rules can lead to costly mistakes — including IRS penalties. Here are some of the most common misconceptions we hear about RMDs,...5 Potential Tax Breaks to Know Before Moving a Parent into a Nursing Home
If you have a parent moving into a nursing home, taxes are probably not on your mind. However, there may be tax breaks.
What Types of Real Estate Can You Hold in an IRA?
Most investors know they can hold stocks, bonds, and mutual funds in their retirement accounts. But fewer realize that a Self-Directed IRA opens the door to something far more tangible: real estate. And we’re not just talking about Real Estate Investment Trusts...Six Reasons to Use IRAs for Real Estate Investing
Did you know you can use your IRA, or even someone else’s, to invest in real estate? Self-Directed IRAs open the door to a wide range of opportunities beyond Wall Street. Here are six reasons why real estate belongs on your retirement investment radar:
Do You Owe Estimated Taxes? If So, When Is The Next One Due?
Certain taxpayers generally must make quarterly estimated tax payments to avoid a penalty. Here are the rules, along with when the next payment is due.
Business Website Expenses: How They’re Handled For Tax Purposes
When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules.
How Are Series EE Savings Bonds Taxed?
If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.