Wednesday, June 29, 2011

Wednesday, June 22, 2011

Eat Your Broccoli and Take Your Required IRA Distributions

If you turn 70 1/2 this year, be sure to take your required minimum distribution from your IRA. The failure to do so will result in a 50% penalty.

Tuesday, June 7, 2011

100% Estate Tax Rate?

Megan McArdle makes an argument for a 100% estate tax rate. The first time I heard this argument was from my estate planning professor in 1986. I thought it was ludicrous then and I find it even more troublesome now.

Sunday, June 5, 2011

Women Suffer Most When Couples Fail to Plan

If couples do not have proper financial planning, the woman is most often hurt the most and her lifestyle will be reduced permanently.

Monday, May 30, 2011

Ohio Estate Tax Repeal?

The Cincinnati Enquirer has a nice article about the Ohio Estate Tax. The tax applies only to taxpayers with assets valued at more than $338K. Proponents of the tax claim repeal would only benefit the "wealthy." How they consider a $338K net worth as wealthy is laughable. A house and a retirement plan should put most taxpayers over the threshold.