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Social Security

Social Security One way you can minimize taxes on Social Security is by lowering your other income, especially investment income. But you should be aware that municipal bond interest, which is usually tax free, counts as income for the purpose of calculating the tax...

Estate Planning with IRAs

Estate Planning with IRAs Let’s talk traditional IRAs. A traditional IRA, or individual retirement account, is a personal retirement account that offers certain tax benefits. Number one, contributions may be tax deductible. Number two, while your money is inside the...

Procrastination

Procrastination Everybody has an estate plan. If you don’t createone, on purpose, through carefully drafted wills,trusts, and other documents, then your state lawswill step in with a plan of its own. These laws, alsocalled intestacy, dictate who will get your...

Equal Distribution to Heirs

Equal distribution to your heirs Most people have great love for all of their children,and they want them to share equally in their estates.An admirable intent, but “equal” is not the samething as “equitable.” While dozens of examplesexist, a common problem, often...

Questions about Qualified Money?

What Questions should you be asking about Qualified Money? Most retirees will rely on qualified money. It means that besides Social Security, almost everyone is going to have to rely on and efficiently utilize their IRAs, 401(k)s, 403(B)s, etc. When it comes to your...