» American Taxpayer Relief Act

There is Still Time to Make Your IRA Gift to Charity in Ann Arbor

Unless an IRA is a Roth, the account owner must take yearly minimum required distributions starting at age 70½ and pay tax on the withdrawals. With the charitable IRA rollover, as it is called, the donation can count against the minimum required dis… Read More
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A Fiscal Cliffhanger: The Federal Estate and Gift Tax is Holding On in Ann Arbor

Now that the fiscal cliff has been averted — at least temporarily – there is widespread confusion about the effect on estate planning of the 11th hour tax law passed by the Senate on New Year’s Eve, and by the House of Representatives one day l… Read More
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Roth 401(k) Conversion Eligibility Expanded by Fiscal Cliff Deal in Ann Arbor

The new rules basically let you convert everything in a traditional 401(k), including pre-tax salary deferrals, at any age, into a Roth 401(k). “They’re opening up in a major way the assets you hold that can be converted,” says Ed Ferrigno, vic… Read More
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