Archive for January 2016

Your Worst Retirement Account

You’ve spent your entire working career putting money into different retirement accounts so one day you may retire. Many of these accounts may be employer-sponsored plans, such as a 401k, 403b, 457, etc. During your working years, putting money into these accounts helps you to save money on taxes. However, as you get closer to…

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New Tax Break Permanently Passed Into Law

A few weeks ago, we encouraged you to keep an eye out to see if Congress approves the tax extender allowing tax-free distributions from individual retirement accounts to charitable organizations. Congress not only approved it for 2015, but has made this tax provision permanent going forward. Your IRA distributions can cause you to be placed in…

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