Newsletter - December 2016 Edition
In This Issue:
Keeping the IRS out of your gifts

If you are financially well off, you may want to gift money or property to family members or others you care about. If that is the case, there are some gift tax issues you should be aware of.

Oh yes, the government even taxes gifts if they are large enough, so it is best to know the rules; otherwise you may end up making a gift of taxes to the IRS.  Read More
A Note from the
Accounting Sleuth
Cut that tax rate ASAP
If the corporate tax rate declines to 15%, all things being equal, corporations could report a more than 30% increase in earnings growth in 2017. The currently over-valued market will morph into a value play unless investors act quickly and re-price stock prices.  Read More

Qualified Charitable Distributions
Once in retirement, many people have the problem of itemized deductions decreasing to less than the standard deduction. For example, home mortgage interest payments get smaller and smaller. Donations to charities may not raise their itemized deductions above the standard deduction, so there would be no favorable tax treatment for the donations.

With the passing of the Protecting Americans from Tax Hikes (PATH) Act of 2015, individuals who have attained age 70½ can take an income-tax free distribution from their traditional or Roth IRA if it is distributed directly to a qualified charity. The distribution will count for any required minimum distribution purposes. Read More
Why women need life insurance
Women have more options than ever, from full-time careers outside the home to careers as full-time homemakers with stops nearly everywhere in between.

While women are achieving an unprecedented work-life balance, a piece of the puzzle that is more often missing than not is life insurance.

While other types of insurance such as health, auto and homeowners are top of mind, life insurance tends to slip through the cracks. Read More

3 things you should know if you inherit an IRA

Inheriting an IRA often comes with confusion about what exactly you just inherited and how to handle it.

Knowing 3 things about inherited IRAs may clear up the confusion and help you handle the situation more comfortably. Read More
Rick Alford, CRP, CEO
Retirement Solutions