Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Real Estate & Divorce – Your Rights in the State of Florida

This is the tenth installment of “Divorce. What You Need to Think About from a Financial Perspective” which can be downloaded from our FREE eBook library.

The Marital Home

In Florida, “the marital home” is defined as the piece of real property where you and your spouse have spent the majority of your marital lives together. This property is considered a joint asset, and is subject to division according to the Florida statutes. Of course, the court makes the ultimate decision as to who gets the property. A number of factors are taken into consideration, such as:

Read the rest of this entry »

So you want to start getting a personal wealth plan together…

Make sure that you grab the “Roth IRA – 8 Quick, Helpful Tips” eBook from www.Makara-Assoc.com.

…that is right for you and your family.

Read the rest of this entry »

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.

Read the rest of this entry »

Roth IRA’s allow for a two (2) generation tax-free stretch on distributions.

Meaning distributions for you and your beneficiaries are tax-free.

Read the rest of this entry »

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

———-

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.

No matter how many IRAs you own…

the IRS views them as one pool of assets for tax purposes.

Read the rest of this entry »

Roth IRA – Tax Diversification In Retirement

Posted by Mark On April 22nd

Having options is the key to making the right decision at the right time.

Creating “Roth assets” today, by conversion or yearly contributions, will provide you options in retirement.

Read the rest of this entry »

Roth IRA – Opening Multiple Accounts

Posted by Mark On April 7th

Did you know?

You are not required to convert your traditional IRA(s), SEP(s) and SIMPLE(s) into one Roth IRA.

Read the rest of this entry »

If you switch to a Roth IRA early in 2010…

…you’re allowed the maximum benefit and still reserve the right to change your mind – by recharacterizing your Roth conversion.

Let’s walk through it —

Read the rest of this entry »

Roth IRA – Important Dates to Keep In Mind

Posted by Mark On March 9th

It’s not if you should convert your traditional IRA(s), SEP(s) or SIMPLE(s) to a Roth IRA…

…but it’s how much of your those IRA(s) do you convert to a Roth IRA.

Read the rest of this entry »