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Posts filed under: 2016 Deep Rooted Thoughts

– Better than nothing, but just barely… Regardless of whom our next President is, for 2017, Social Security recipients will be getting a .3% increase in their monthly checks.  (That is less than one-third of one percent, not three percent.) Individuals receiving SSI benefits will receive $735/month up from $733 in 2016.  The amount of......
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IRAs and qualified retirement plans like 401(k)s, 403(b)s, and 457(b)s are among the most tax-inefficient assets to leave your heirs. Distributions from IRAs and qualified retirement accounts are taxed as ordinary income and can be taxed up to the highest marginal income tax rates. For wealthy taxpayers, their IRA balances may be subject to the estate tax at 40%. At their death, if the beneficiaries they have named are subject to the highest (39.6%) income tax...
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