The Secure Act affects your retirement planning

What is the Secure Act?

This year the House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act, known as the Secure Act.  The purpose could help Americans save for retirement, unfortunately, Individual Retirement Accounts, 401(k)s, and Roth IRAs will have their value reduced. Waiting for Senate approval, the Secure Act gives non-spouse beneficiaries 10 years to pay out all the money of an IRA. The effect to beneficiaries – a huge tax hit for distributions. This could place beneficiaries in a higher tax bracket.  (more…)

Ease Family Worries: Preparing Your Trust Administration Handbook

Preparing a Trust Administration Handbook for guidance as to the efficient handling of tax issues and long-term goals of the grantor can be the difference between financial success or destitution.

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Kids That Code Will Get Fired

Kids that code do not have a sure-thing future.  However, over the past 15 years, parents have really pushed their kids to learn how to code.  Unfortunately, parents who believe coding is the future are driving through the rearview mirror and asking the wrong questions.  To summarize, some parents believe coding skills will lead their children to a secure future in the tech industry.  In reality, kids who want a forever-career in technology need creative thinking with logic and linear algebra skills.  Those skills are more important than coding because they will allow kids to adapt to future unknown tech needs.

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The Secure Act affects your retirement planning

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