Kramer: Savvy gift givers lower taxable income
By Edward Kramer With the passage of the Tax Cuts and Jobs Act of 2017, the use of qualified charitable distributions from your individual retirement account remains a tax-savvy option for making charitable gifts and, for many people, is now an even more appealing choice. Making QCDs can lower your taxable income and reduce the Read More →
Disaster victims can access retirement savings
By Christine Roberts The recently-signed Bipartisan Budget Act of 2018 (the “Act”) expands access to 401(k) and other retirement plan savings for those impacted by the California wildfires that occurred late last year in federally-declared disaster areas including Santa Barbara and Ventura counties, and by flooding, mudflows and debris flows directly related to the wildfires. Read More →
Financial advisers face higher bar
By Jim Wisdom Privately-held employers are already held personally liable for not meeting their fiduciary responsibilities regarding their company-sponsored 401(k) retirement plans. On April 1, 2017, this fiduciary responsibility will also be applied to financial advisers of 401(k)s and IRAs with the Department of Labor’s new fiduciary rule. This new rule will require financial advisers Read More →
Entrepreneurs should plan for retirement
By Lee Schuh Few entrepreneurs really think about preparing financially for retirement. Too many are depending on Social Security. Frankly, Social Security is only a safety net and not intended to be anything else. You are not going to have a very satisfactory retirement if Social Security is the major financial contributor. When asked Read More →
