402-333-8751
402-333-8751
Home
Your Retirement
What We Do
TV Show
Contact
Client Login

Do current financial uncertainties, like not having a pension, have you concerned about retirement?  If so, your not alone.  In fact, "Only 13% of Americans with at least $1 million in investable assets feel wealthy...the fear of running out of money in retirement and reliance on their own savings -rather than Social Security and employer funded Pensions - make it harder for even well positioned Americans to feel financially wealthy..." - USA Today

Menu

Home
Your Retirement
What We Do
TV Show
Contact
Client Login

[/db_pb_accordion]

Hello there

New Tax Law Changes

A few weeks ago, we encouraged you to keep an eye out to see if Congress approves the tax extender allowing tax-free distributions from individual retirement accounts to charitable organizations. Congress not only approved it for 2015, but has made this tax provision permanent going forward.

Your IRA distributions can cause you to be placed in a higher tax bracket, have greater tax on your Medicare premiums and can increase tax on your Social Security benefits. If you are drawing money from your IRAs, this tax provision may be a great way to save money.

With this new law, as long as it moves directly from your IRA to a charity, you do not have to report this as taxable income. In addition, if you are age 70 ½ or older, you can directly transfer your Required Minimum Distributions (RMDs) to a Qualified Charitable Donation (QCD) of up to $100,000 annually from your individual retirement accounts. This amount can then be excluded from your gross income while satisfying your RMDs at the same time.

Advisory Services offered through API Financial Advisors. We do not accept orders and /or instructions regarding your account by e-mail, voice mail, fax or any alternative method.Privileged/ Confidential Information may be contained in this message. This electronic mail transmission and any document(s) accompanying this transmission is privileged, and may be proprietary in nature. It is intended only for the use of the named addressee(s) to which it is directed. If you are not the addressee(s) indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise us immediately if you or your employer do not consent to Internet email for message of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of our firm shall be understood as neither given nor endorsed by it.