Tax Warrior Chronicles

Why Beneficiary Designations Are Critically Important

Posted on Wed, Jul 28, 2021

by: Cecilia Fernandes and Robert N. Polans, CPA, MT, PFS, ChFC

 

The COVID-19 pandemic unexpectedly took the lives of many loved ones. It made many of us stop and reflect deeply about what is most important: health and family! With that in mind, there is no better time than now to check your beneficiary designations related to your retirement plan accounts, traditional IRAs and Roth IRAs, tax-deferred annuities, and life insurance policies, to ensure they are all up to date and in line with your overall estate distribution goals.

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CARES Act Creates Special Rules for Retirement Funds in 2020

Posted on Mon, Mar 30, 2020

The recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act) created temporary provisions affecting two types of taxpayers: those who wish to preserve depressed retirement assets, and those who need emergency liquidity from their retirement assets.

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Guest Blog - Weatherproofing Your Financial Portfolio for Market Volatility

Posted on Thu, Feb 20, 2020

Over the last several months, the dreaded “R” word has crept into the news. There are economists and analysts who are on both sides of the fence on whether a recession or market correction is coming soon. To help our clients and subscribers, we’ve asked our friend, Robb Parlanti, CFA, a 30-year market veteran and financial advisor at BLBB Advisors, to shed some light on the situation. In Q&A form, here are Robb’s thoughts…

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GUEST BLOG - Are Most of Your Retirement Eggs in the Same Tax Basket?

Posted on Wed, Feb 12, 2020

By: Jeremy Gussick, MBA, CFP

 

As the busy tax season gets into swing, we like to tap friends in the financial planning world to help our clients and subscribers with their planning. Jeremy Gussick of LPL Financial is no stranger to our subscribers.  Today, he talks about taking distributions from various types of retirement accounts in the most tax-efficient manner.

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“Stressed” Retirement System Forces GAO to Review 401(k) Contribution Deductions

Posted on Thu, Oct 26, 2017

By: Eric R. Elmore

 

While Congress waivers on whether to reduce retirement savings deductions, all pillars of our retirement system appear to be under stress. A recent Government Accountability Office (GAO) Report highlights the challenges faced by each component of the U.S. "retirement system" and argues the case for a fundamental re-evaluation to better promote future retirement security. And, though the Republican-led Congress rarely follows the GAO’s lead, if you have a 401(k), you should be paying attention to what it is saying.

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