Posts Tagged ‘required distribution’
The other tax date in April
The other tax date in April – this one can cost you 50%
Read MoreA tax break for Seniors
Sometimes Congress actually gets something right! This happens so rarely that I wanted to write a special blog post on it. Clients who have followed our advice over the years tend to retire with no mortgage debt and few out-of-pocket medical expenses. This leaves their charitable contributions as the main source of itemized deductions to…
Read MoreDid you think the 50% tax rate was gone?
The other tax date in April – this one can cost you 50!
Read MoreTime running out for a do-over on your IRA distribution!
As our golfer friends say, time is running out for a mulligan on any IRA distributions that were required by 12/31/12. The fiscal cliff law signed by the President on January 2 has a retroactive provision that could help you out of a jam if you forgot to take a RMD (required minimum distribution) from…
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