A number of great articles that have implications for retirement planning came out this week. The first was pretty much a mind expander. Its a post from Seth Godin’s excellent blog about business. In the post he shows a letter drafted in…
There is a lot of buying coming from the middle east. Way back when I was both a commodities and stock broker. The standard joke/statement in our office when a client asked why the market was moving was to blame…
Back in 2001 a new provision was added to the tax code that allows IRA owners to fix a problems with their rollovers. Yeah, the basic rollover rules are pretty simple but it seems that financial institutions are putting the…
Just today a bankruptcy court in Florida reached the same conclusion; inherited IRAs do not have asset protection, inherited IRAs are not exempt assets. This is really going to be important in future years as various studies show that most…
As the economy sputters and falters even more it is pretty much a foregone conclusion that more people are going to start running behind on their taxes. A common question I get is if the IRS can take away your…
A few years back the financial community, in particular insurance agents, really pushed the concept of a 412i plan as a way to save money. Basically a 412i was a defined benefit plan that put all its money into insurance…
A bunch of us know that we are allowed to take our IRA money out, and as long as we put it back in within 60 days there is no taxable event. Unfortunately a lot of us and our advisors…
A recent survey found that most IRA owners had no intentions of taking money out of their IRA. Instead the IRA was seen as an emergency fund that the IRA owners wanted to pass on to the next generation. The…
There is a set of laws lurking out in the shadows that very few IRA owners are aware of, the prohibited transaction rules. Under the tax code, if an IRA owner accidentally runs afoul of these prohibited transaction rules, his…