Navy veteran, Kevin Rosenberg, borrowed $116,000 in student loans from 1993 to 2004 to earn a bachelor’s degree and later a law degree. The loan amount ballooned to $221,000 by 2018, when he filed for Chapter 7 bankruptcy in New York. Mr. Rosenberg sought to have the student loan debt discharged in the bankruptcy because […]
https://www.thomasdelpup.com/wp-content/uploads/2014/10/photodune-5794866-law-concept-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2020-01-13 14:37:242020-01-16 13:57:39Debtor has Student Loan Debt of $221,000 Discharged in Bankruptcy.
The SECURE Act, which passed the US House of Representatives last summer (2019), had been flying well below most people’s radar as it seemed to lose steam in the Senate, despite bipartisan support. However, quite surprisingly and with little fanfare, it was passed into law just before Christmas, and took effect January 1, 2020. In […]
https://www.thomasdelpup.com/wp-content/uploads/2014/10/photodune-1283600-taxes-s.jpg632950Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2020-01-06 11:42:432020-01-07 09:46:06The SECURE Act Becomes Law – How Will it Affect Your Financial and Estate Planning?
IRA owners must begin taking annual required minimum distributions (RMD) once they reach age 70½. An RMD is taxable as income for the year in which the RMD is taken. A lot of my clients dislike RMDs because they are a forced distribution – by law, an RMD must be taken after age 70½ whether […]
https://www.thomasdelpup.com/wp-content/uploads/2014/10/photodune-1283600-taxes-s.jpg632950Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-12-04 15:00:442019-12-04 15:00:46Need to take an IRA RMD before the end of the year? Why not make a tax-avoiding QCD instead?
Aunt Becky’s legal woes arose from her efforts to get her children into the University of Southern California. However, for many families, the problem isn’t getting their kids into a college of their choice, the problem is paying for it. Some enterprising parents in Illinois reportedly have given up custody of their children to help […]
https://www.thomasdelpup.com/wp-content/uploads/2015/08/photodune-675826-college-students-studying-together-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-08-01 10:55:512019-08-01 10:55:54Working the System - Parents Giving Up Custody of Their Kids to Get College Financial Aid
Having passed the US House of Representatives and now moving quickly through the US Senate, the SECURE (Setting Every Community Up for Retirement Enhancement) Act appears to be on its way to soon becoming law. The SECURE Act will make numerous changes to how money is contributed to, and withdrawn from retirement accounts. While many […]
https://www.thomasdelpup.com/wp-content/uploads/2019/07/photodune-22515439-dollar-in-bank-xxl-2.jpg17103041Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-07-29 10:51:162019-07-29 10:51:18How Will the SECURE Act Affect Your Retirement Savings?
Debtor has Student Loan Debt of $221,000 Discharged in Bankruptcy.
/in Asset Protection, Bankruptcy /by Tom DelPupNavy veteran, Kevin Rosenberg, borrowed $116,000 in student loans from 1993 to 2004 to earn a bachelor’s degree and later a law degree. The loan amount ballooned to $221,000 by 2018, when he filed for Chapter 7 bankruptcy in New York. Mr. Rosenberg sought to have the student loan debt discharged in the bankruptcy because […]
The SECURE Act Becomes Law – How Will it Affect Your Financial and Estate Planning?
/in Asset Protection, Beneficiary Planning, Estate Planning, Financial Planning, Retirement Planning, Tax Planning, Taxes, Uncategorized /by Tom DelPupThe SECURE Act, which passed the US House of Representatives last summer (2019), had been flying well below most people’s radar as it seemed to lose steam in the Senate, despite bipartisan support. However, quite surprisingly and with little fanfare, it was passed into law just before Christmas, and took effect January 1, 2020. In […]
Need to take an IRA RMD before the end of the year? Why not make a tax-avoiding QCD instead?
/in Financial Planning, IRAs, Tax Planning, Taxes, Uncategorized /by Tom DelPupIRA owners must begin taking annual required minimum distributions (RMD) once they reach age 70½. An RMD is taxable as income for the year in which the RMD is taken. A lot of my clients dislike RMDs because they are a forced distribution – by law, an RMD must be taken after age 70½ whether […]
Working the System – Parents Giving Up Custody of Their Kids to Get College Financial Aid
/in College Savings, Financial Planning, Guardians & Conservators, Probate /by Tom DelPupAunt Becky’s legal woes arose from her efforts to get her children into the University of Southern California. However, for many families, the problem isn’t getting their kids into a college of their choice, the problem is paying for it. Some enterprising parents in Illinois reportedly have given up custody of their children to help […]
How Will the SECURE Act Affect Your Retirement Savings?
/in Asset Protection, Beneficiary Planning, Estate Planning, Financial Planning, IRAs, Retirement Planning, Tax Planning, Taxes, Uncategorized, Wills & Trusts /by Tom DelPupHaving passed the US House of Representatives and now moving quickly through the US Senate, the SECURE (Setting Every Community Up for Retirement Enhancement) Act appears to be on its way to soon becoming law. The SECURE Act will make numerous changes to how money is contributed to, and withdrawn from retirement accounts. While many […]