by Randy Coleman | Aug 23, 2012 | Estate Planning, Income Taxes, Retirement Accounts, ROTH IRAs |
Now that the health care law has been declared constitutional, the remaining provisions will be going into effect. One little known provision is a new 3.8% investment income surtax, also called the health care surtax or the Medicare tax; it will go into effect on...
by Randy Coleman | Feb 29, 2012 | Asset Protection, Beneficiary Designations, Estate Planning, Individual Retirement Accounts, IRAs, Retirement Accounts, Retirement Planning, Revocable Living Trusts |
There is a difference of opinion among estate planning professionals regarding designating a revocable living trust as a beneficiary of a 401(k) plan or other retirement plan (such as an IRA). Some of the differing opinions derive out of misconceptions involving the...
by Randy Coleman | Sep 8, 2011 | Beneficiary Designations, Estate Planning, Individual Retirement Accounts, IRAs, Retirement Accounts, Retirement Planning, Revocable Living Trusts, ROTH IRAs |
An article in today’s Wall Street Journal and a recent Florida Supreme Court decision are emphatic reminders of why you should periodically review your beneficiary designations for retirement plans and life insurance policies. The Wall Street Journal...
by Randy Coleman | May 15, 2011 | Advance Directives in Florida, Durable Power of Attorney, Elder Care, Estate Planning, IRAs, Retirement Accounts |
An article in Saturday’s Wall Street Journal, “Power Grab,” reminds us that one of the most useful estate planning tools is the durable power of attorney. However, without some guidance – and some controls – a durable power of...
by Randy Coleman | May 2, 2011 | estate tax, Estate Taxes, Income Taxes, Individual Retirement Accounts, Internal Revenue Service (IRS), IRAs, Retirement Accounts, ROTH IRAs |
As everyone is generally aware, Congress and state legislatures are in session and passing new laws. Unfortunately, many of them are laws dealing with increasing taxes, directly or indirectly. In other words, the statutes governing taxes at the federal,...
