Articles

Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and employer-sponsored retirement plans after you reach age 70½. We review a couple key points on why RMDs create such a tax problem for future and current retirees.

Tax planning is difficult in those years you expect to recognize unusually high amounts of income in a single tax year. There is a new solution to deferring taxes on these transactions, they are called Opportunity Zones.

Tax planning for small-to-medium sized businesses is crucial, but often underutilized. We show business owners how to leverage tax planning opportunities to pay for their retirement.

The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below.