Retirement
Looking Ahead: Rising Nursing Home Costs in North Carolina
When retirement saving makes headlines, it is often to highlight that Americans are not saving enough for their senior years. Individuals should…
IRA Rollover Annual Limit Changes Effective 2015
The recent Tax Court ruling of Bobrow v. Commissioner set a precedent for owners of multiple Individual Retirement Accounts: Multiple IRA rollovers may not…
Retirement Plans in Same-Sex Marriage
Some retirement benefits only apply to spouses in a legal marriage. Since legal marriages are not recognized in every jurisdiction and the Windsor ruling…
5 Proposed Rules for Retirement Accounts
Our tax attorneys covered several pending federal revisions in our Tax Changes for 2015, one of which affects retirement accounts. Retirement contributions and…
IRA Custodian Not Responsible for RMDs
Failing to take a Required Minimum Distribution (RMD) results in a penalty for the account owner. IRA account custodians are only responsible…
3 Things When You Inherit an IRA
Last year North Carolina passed legislation that provides added creditor protection for Individual Retirement Accounts (IRAs). The law protects retirement accounts during and…
Retirement Accounts Vulnerable to Back Taxes
Tax shelter for long-term savings is one of the features that attract people to Individual Retirement Accounts (IRAs). Once certain age requirements…
Interest Rates and Retirement in North Carolina
Retirement planning in North Carolina North Carolina is consistently rated a top place to retire in national reports, and this year the…
What if Stretch IRAs are Lost?
Stretch IRAs have been a popular tool for preserving wealth for future generations as distributions are tax-deferred. However, the Obama Administration has…
3 Steps to a Better Retirement Plan
What is your ideal retirement? Everyone takes their own strategy toward retirement, but generally individuals try to create a retirement plan that…
