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How Long Should You Keep Tax Returns?

You probably think you know how long to retain tax returns, because you’ve heard the standard answer. Yet the standard answer is wrong. You probably learned that you should keep a tax return for at least three years after filing it. The reason for the three-year answer is that the IRS has up to three […]

estate planning

This is the Year to Ensure Your Estate Plan Has Maximum Flexibility

Fellow Investor, If you have an estate valued at $3 million or higher… You’ll want to have more flexibility in your estate plan this year. That’s because the estate and gift tax law is likely to change soon. You should act now to avoid the worst effects of the new law. But your plan needs […]


Do 401(k)s Have Required Minimum Distributions (RMDs)?

The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax deferral of a qualified retirement plan. RMD rules dictate when distributions must be made from the retirement plans of certain taxpayers. The rules apply to all qualified retirement plans, including traditional IRAs and 401(k)s. But the rules that […]


How to Calculate the Required Minimum Distribution (RMD)

In last week’s edition of Retirement Watch Weekly, I discussed the rules concerning who must take required minimum distributions (RMDs), when they must be taken. This week, I’ll cover how they are calculated, so let’s dive right in. The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax […]

What You Can and Can’t Do with RMDs

The tax code and regulations have detailed and specific rules concerning who must take required minimum distributions (RMDs), when they must be taken, and how they are calculated. But there is no guidance about what a retirement plan owner or beneficiary can do with the RMD. So let’s clear up some of the confusion. First […]

The Biggest Retirement Trend Affecting Your Nest Egg in 2021

Some key investment and economic trends of the last few years started to change in the last few months. I believe those changes will continue, and probably accelerate, through the rest of 2021. One change, which I’ve been highlighting for my paid-up Retirement Watch members, is that returns from U.S. stocks are unlikely to continue […]

estate planning

Tax Court Shows Risks in Self-Directed IRAs & Unconventional Investments

A self-directed IRA is a good way to invest your retirement account in non-traditional investments. But a recent Tax Court decision shows the dangers of taking shortcuts and not setting up and operating the IRA the right way. In the case, the taxpayer had a SEP-IRA (Simplified Employee Pension Individual Retirement Arrangement). The custodian was […]


How to Get Tax Breaks for Helping Relatives [2021 Tax Write-Off Update]

It is common for family members to help other family members, financially. It is also common for these families to leave money on the table by not taking all the tax breaks they could from these situations. Often, adult children provide financial or other support for their parents, though other situations do arise. Sometimes, the […]

When to Use an IRA To Fund Your Health Savings Account

Health Savings Accounts (HSAs) are the best retirement planning tool available, and there’s a little-known legal trick that can help fully fund an HSA. An HSA has three powerful tax benefits. Contributions to the account are tax deductible or excluded from gross income when an employer makes them. The account can be invested, and income […]

E-Wills Are Coming

Very slowly but surely, estate planning law is catching up to modern technology. The latest development paves the way for electronic wills in most states. An electronic will, or e-will, is one that recognizes the traditional formalities of a will when they’re in an electronic format. An e-will can be written in an electronic medium, […]

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July 2021:
Congress Comes for your Retirement Money
A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.

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