You probably don’t know exactly what you need to…
Make sure that you grab the “3 Tips To Help You Sit Pretty In Retirement” eBook from www.Makara-Assoc.com.
…be doing when it comes to Retirement Planning.
Tip 3 – Personal Savings Plan: It’s all about the Cash Flow!
On August 11th
Here piggy-piggy-piggy…
The basis of a good Personal Savings Plan is not to have a fancy piggy bank! It’s to have mastery over your Cash Flow.
To make sure you are on track you should have the following:
Tip 2 – Retirement Planning: Did you know the income you use in retirement has BIG tax implications?
On July 28th
You have been saving money your entire life to get to this point….
you have Pensions, IRAs, Annuities, and 401k’s – Think you’re all set?
You’re not!
Curious about what your future income will be. . .
you could visit a fortune teller and peer into that crystal ball…
But, there is an easier way to find out what your Social Security income will be! Read the rest of this entry »
Are you worrying about your future…
…and what you need to do NOW to make sure your retirement money doesn’t run out?
It is a tricky process of planning, much like sitting on a 3 legged stool. Read the rest of this entry »
Roth IRA – Estate Tax Rate vs. Income Tax Rate
On June 16th
2009′s estate tax rate was 45%, and…
the 2009′s highest income tax rate was 35%, so:
If your estate was larger than the 2009 exemption amount of $3.5 million you may have been able to save 10% in estate taxes by converting to a Roth IRA.
Roth IRA’s allow for a two (2) generation tax-free stretch on distributions.
Meaning distributions for you and your beneficiaries are tax-free.
Roth IRA – Helpful Hint For 401(k) Plan Owners
On May 19th
If you’re a 401(k) plan owner, be sure to…
…review your 401(k) plan(s), because some will allow distributions while you are still employed.
You can convert a distribution directly from a 401(k) into a Roth IRA, be sure not to overlook this option.
If you have any questions, comments or concerns about Roth IRA’s, or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.
- Mark
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This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this post is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.
Roth IRA – Manage or Improve Your “8606 Ratio”
On May 13th
No matter how many IRAs you own…
the IRS views them as one pool of assets for tax purposes.
Enacted on March 18, 2010, the Hiring Incentives to Restore Employment (HIRE) Act has two new tax benefits that are available to employees who hire certain previously unemployed workers (“qualified employees”).
Payroll Tax Forgiveness for Hiring Unemployed Workers:
Also, Visit Our Web Site At:
www.Makara-Assoc.com
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