For the Solo Entrepreneur, a SEP-IRA, or a Solo 401 (k)
For the successful solo business person with no employees, but maybe a spouse, choosing the best option for retirement savings is important. You want to be able to set aside the greatest amount with the options that are important to you. People in this category are often consultants or solo professional practitioners of some sort. […]
Read ArticleWhere Do You Call Home and How Does it Affect Your Estate Tax?
About 15 states and the District of Columbia impose an inheritance or estate tax. The tax rates range from a few percent to 19 percent in Washington State. As the typical state exemption rate is much lower than the current federal exemption (it’s only $1 million in New York and Maryland), the middle class is […]
Read ArticleShould You Make Your Year-End Charitable Gifts From Your IRA?
by Charles L Stanley CFP® ChFC® AIF® When entering retirement, having a big, fat IRA feels good. It provides a certain sense of security —and that’s a good thing. However, when you consider estate planning for a family with a taxable estate in excess of $5.25 million, that big, fat IRA is a horrible asset […]
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