Retirement planning after tax reform

Several tax reform ideas affecting retirement planning were bandied about as the recent legislation was being prepared, including limits on deductible 401(k) contributions, elimination of “stretch IRAs,” and requiring minimum distributions from Roth IRAs, similar to the treatment of traditional IRAs. In the end, only one significant change made it into the final legislation, together […]

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Tax reform and estate planning

The tax reform legislation signed by President Trump on December 22 last year included an important change for many wealthier families. As of January 1, 2018, the amount exempt from the federal estate and gift tax has doubled, to $10 million plus inflation adjustments since 2011 (so $11.2 million in 2018, still higher in the […]

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Bitcoin and Taxes

Bitcoin, the popular digital currency, went on a tear in 2017, rising in value by 900% in the first 11 months.  More and more investors are taking notice.  On November 30, 2017 The Wall Street Journal ran a front-page article, “Bitcoin Mania: Even Grandma Is In.”  On the advice of her grandson, Rita Scott invested […]

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2017 Review

Following is a snapshot of the total returns for various asset classes for the year 2017. Among widely followed commodities, gold, at $1,305.50 per ounce was up 13% for the year and West Texas intermediate crude oil was up 12% at $60.42 per barrel. The Weekly Update will not be published for the next two […]

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