Enjoy your IRA so Ohio doesn’t!
A family recently visited our office to find out how to pay for home health care. George and Sarah* have been married for 55 years.Sarah suffers severe rheumatoid arthritis that is so severe she must...
View ArticleWhat’s Going to Happen to Your IRA If you Have a Stroke or Accident and Go to...
Pretty strong image…Pretty big problem. I guess you get the idea and you know I am right. By:Thom L. Cooper Certified Elder Law Attorney Part 1: Definition of theProblem: IRA vs Catastrophic...
View ArticleNew Obama Budget Proposal Could Exempt Some Seniors From Taking RMDs
By Julian Guilfoyle Ed Slott, author of The Retirement Savings Time Bomb…..And How to Defuse It, recently posted a video outlining a new proposal in the President’s budget that would exempt some...
View ArticleLeave Your Children Your IRAs, in a Smarter Way
By Attorney Dan Vu IRAs are commonly left directly to a spouse and then to the couple’s children. After both parents have passed away, the IRA custodian gives the children a choice to take their...
View ArticleBeware the IRA Beneficiary Pitfalls
By Attorney Ted Brown A Tax-qualified retirement account, such as a traditional IRA, 401(K), 403(b) or other tax-deferred account can pose a unique challenge when planning for your estate. This is...
View ArticleA Bird in the Hand is Worth Two In the Bush
By Julian Guilfoyle The belief that it is better to have a lesser certain benefit than the possibility of a greater one that may come to nothing is a decision increasing contemplated by today’s...
View ArticleDon’t let Retirement Benefits go down the drain!
By Robin Crouch If there is no beneficiary named on your retirement account, who inherits and how is the the required distribution calculated? Unfortunately, there are cases where Dad died, Mom was the...
View ArticleWhat is a stretch IRA?
By Robin Crouch The term “stretch” does not represent a type of IRA, it refers to a financial strategy that allows people to stretch out the benefits from an IRA as well as receive income tax...
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Will you get an IRA penalty this year?
The Tax Policy Center reports that 68% of IRA owners over age 70 1/2 have not yet taken their required minimum distributions this year. If they don’t take these distributions by the end of the year,...
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Obama’s Proposals Reminds Us To Reduce Our Legislative Risk Through Tax...
By Senior Attorney Dan Vu We have all heard of the saying, “Don’t put all your eggs in one basket.” In the investment world, this means don’t put everything you have into one stock. Apple might be...
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