by Dayle Scheinman | Sep 4, 2018 | Retirement Planning
It’s important understand how your different sources of income will be taxed during your retirement years. For most people, they will have at least two different sources of income in retirement and for many three or more. Retirement can affect someone’s tax...
by Dayle Scheinman | May 19, 2018 | Taxes
On May 4, 2017, the Treasury Department and the IRS released Revenue Procedure 2017-37, which stated that the maximum contribution to an HSA for an individual with family coverage under a high deductible health plan would be $6,900 for 2018. On March 2, 2018, the...
by Dayle Scheinman | Mar 1, 2018 | Taxes
When the formal tax reform process began during the second half of 2017, the key goals were to simplify the tax code, eliminate certain unpopular taxes, reduce taxes for the middle class and significantly reduce the corporate tax rate. In the end, we have the Tax Cuts...
by Dayle Scheinman | Dec 22, 2017 | Taxes
The uncertainty surrounding potential tax law changes has dominated headlines in the past few weeks. While the tax landscape for 2018 is still up in the air, we know what the laws are for 2017 (assuming none of the potential changes are made retroactively, which...
by Dayle Scheinman | Dec 19, 2017 | Fiduciary Concerns, Taxes
Just as it sounds, a stretch IRA is a minimum withdrawal strategy designed to “stretch” the period over which earnings can be tax-deferred. This is a popular tax mitigation technique with inherited or “Beneficiary” IRAs. Essentially, the IRS allows you to take minimum...
