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 The SECURE Act will make numerous changes to how money is contributed to, and withdrawn from retirement accounts.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?
The National Business Institute (NBI) is offering a day-long seminar entitled “Probate & Trust Administration – What You Need to Know About Probate and Trust Administration,” on August 19, 2019, at the Wyndham Garden in Ann Arbor, Michigan. (Full disclosure: I am one of the presenters.) Program Description (From NBI): Working through issues that arise […]
https://www.thomasdelpup.com/wp-content/uploads/2014/12/photodune-3832188-estate-planning-s.jpg632948Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-07-12 11:43:172019-07-12 11:43:19NBI Seminar: What You Need to Know About Probate & Trust Administration
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, UncategorizedThe 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, UncategorizedIRA 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, ProbateAunt 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 & TrustsHaving 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 […]
NBI Seminar: What You Need to Know About Probate & Trust Administration
/in Estate Planning, Probate, Tax Planning, Taxes, Wills & TrustsThe National Business Institute (NBI) is offering a day-long seminar entitled “Probate & Trust Administration – What You Need to Know About Probate and Trust Administration,” on August 19, 2019, at the Wyndham Garden in Ann Arbor, Michigan. (Full disclosure: I am one of the presenters.) Program Description (From NBI): Working through issues that arise […]