Do you have an IRA account? It's important to be sure that your clients have all of the essential information regarding RMDs to ensure that they don't make expensive mistakes. Does your client have an IRA account? Is your…
RMD’s
More On DAFs
The fastest-growing tool in the philanthropic arena is the donor-advised fund (DAFs). DAFs are the Internal Revenue Code Section 501(c)(3) philanthropic accounts established at a public charity. They allow donations of cash, property, appreciated assets and more—and donors receive…
Better Understanding The Required Minimum Distribution Rules for IRA’s
The right answer to the wrong question is both timely and expensive. It's important to have all of the essential information regarding RMDs to ensure that you don't make expensive mistakes.
Saving Taxes While Giving To Charity After Tax Reform
Clients of The Gardner Group had mixed reactions when the Tax Cuts and Jobs Act became law in 2018. The law changed many aspects of their tax return, from increasing the standard deduction to limiting the state and local tax/property…
Year-End Planning Tips
Here's another seven more things to think about as we wind down 2018. IRA's, charitable planning, RMD's, and other responsibilities associated with wealth. 1. Required minimum distributions (RMDs) This is an annual IRA ritual well known to our older clients,…
The Nuts And Bolts of Required Minimum Distributions
Your required minimum distribution is the minimum amount you must withdraw from your account each year. You generally have to start taking withdrawals from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account when you reach age 70½. Roth…