Should You Convert Your IRA to a Roth IRA?

Tag Archives: estate taxes

Should You Convert Your IRA to a Roth IRA?

In some circumstances, it makes sense for individuals to pay the taxes on their retirement savings early. A Roth IRA is funded with after-tax dollars, which means all qualified withdrawals can be made tax free. In addition, Roth IRAs do not have the required minimum distributions mandated by the Internal Revenue Service that other retirement […]

Florida Among States That Become Better for Retirees Under GOP Tax Plan

One of the primary aspects of the recent tax reform bill is that it drastically limits the deductions taxpayers can take for local and state taxes. Therefore, people who have not yet retired are more likely to consider if they will relocate to a more tax-friendly state in the future. Income taxes Florida is one […]

The Potential Sale of the Clippers from an Estate Planning Perspective

Recently, the media reported extensively about Donald Sterling, the Los Angeles Clipper owner whom the National Basketball Association (NBA) banned for life because of his alleged racist remarks. According to a CBS News release, the NBA Commissioner is pressuring Sterling to sell the Clippers. However, there are significant monetary factors involved with selling now: Sterling […]

The Importance of Gift Planning

There is tremendous personal satisfaction in sharing your good fortune with those you love and supporting causes you care about. There are also tax advantages to doing just that. With federal estate taxes set at 40 percent for any amount in your estate that exceeds $5,340,000, it is crucial for wealthy individuals to explore ways […]