How to avoid this common IRA rollover mistake
The once-per-year limit on IRA-to-IRA rollovers is a terrible trap for unwary taxpayers. It’s easy to fall into, but also easy to avoid. Here is the rule: If you receive a distribution from an IRA, you cannot roll that distribution over into any IRA if the distribution is received by you less than 12 months […]
Top three reasons to hold a vacation home in an LLC
If you’re in the market for a vacation home, an LLC could be a smart way to own that property. An LLC, or limited liability company, provides the tax planning and ownership flexibility of a partnership along with the liability protection of a corporation. In most states an LLC can be formed for non-business purposes, […]
Setting up a Child IRA
It’s normal for parents to worry about their kids. Although young children’s retirement isn’t an immediate concern, smart parents can help their kids get a head start on saving for retirement by setting up a Child IRA. Here’s why it’s a good idea. There’s no lower age limit when it comes to starting an IRA. A […]
