Trump’s Tax Avoidance

Every once in a while, a breaking news story is on a topic that I actually understand. The September 27 New York Times article, “Long-Concealed Records Show Trump’s Chronic Losses And Years Of Tax Avoidance,” is one such story. Many reactions to it show...

Higher Life Expectancy, Lower IRA Required Distributions

Watch this video on YouTube If you are over 72 and own an IRA, 401(k), 403(b), or TSP, you may be on the receiving end of a gift from the President. In 2018 he issued an Executive Order on “Strengthening Retirement Security in America.” One of the...

National Debt and Possible Tax Increases

Watch this video on YouTube Almost every politician running for president or Congress refers to the alarming growth of the national debt. It is now $23.2 trillion, or $188,000 for each individual taxpayer. Democrats blame the recent run-up of the debt on the...

SECURE Act Details and Your Retirement Planning

Watch this video on YouTube After my recent column on the SECURE Act, a client asked, “What are you going to do about this? It makes the planning we’ve done useless.” The good news is that, while the Act will mean some retooling of estate and retirement...

SECURE Act Passes; Review IRA Estate Planning

Watch this video on YouTube The Grinch who stole Christmas is alive and well this year—in the US Congress. Our Representatives and Senators passed a bill that negatively affects the middle and working class by changing the rules of passing on an IRA. Now adult...

Charitable Giving With A Donor Advised Fund

Watch this video on YouTube In A Christmas Carol, Charles Dickens has a scene where two charity workers raising funds for the poor approach Ebenezer Scrooge on Christmas Eve. “. . . What shall I put you down for?” “Nothing!” Scrooge replied....