Republican Tax Framework Proposal

Dear Clients and Friends: Republican lawmakers released a framework for tax reform on September 27, announcing that their goals are to cut tax rates, simplify the Internal Revenue Code, and to provide a more competitive environment for business. The framework...

Avoid Retirement Account Rollover Pitfalls

After retiring or leaving a job, your first big tax question might be: What should I do with the money in qualified retirement plan accounts with my former employer? These retirement accounts include 401(k)s, profit-sharing plans and stock bonus plans. The standard...

What You Need to Know About 529 Plan Withdrawals

The big advantage of Section 529 college savings plans is that withdrawals used to cover qualified higher education expenses are free from federal income tax (and usually state income taxes too). That part is very easy to understand, but the full story on withdrawals...

Remember RMDs this Tax Season

Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from your traditional IRAs, including any simplified employee pension (SEP) accounts and SIMPLE IRAs that you set up as a small business owner? Beyond Your IRAs Different...