by Leif Jensen | Jul 27, 2021 | Retirement |
If you made a qualified charitable distribution from my traditional IRA. Will the 2021 Form 1099-R that I get early next year reflect the QCD? No. People age 70½ and older can transfer up to $100,000 yearly from traditional IRAs directly to charity. These QCDs can...
by Leif Jensen | Jul 26, 2021 | Retirement |
If you inherited an IRA last year. When must you take distributions from it? You have 10 years from the death to clean out the account. This doesn’t mean payouts must be distributed evenly over a 10-year period. You can wait until the 10th year to take out all the...
by Leif Jensen | Jul 20, 2021 | General |
Nearly five million new gun owners have joined the 100 million-plus gun owners already in the U.S. in 2020. This is according to recent estimates from the National Shooting Sports Foundation (NSSF). The same data also shows that 40% of all firearms sales are going to...
by Leif Jensen | Jul 19, 2021 | General |
The Streaming Wars are upon us, and the deck is stacked against the small players. Amazon and Roku held HBO Max and Peacock out of the game at the beginning. Peacock is still not in the game, and seemingly may never be. Content is king, but what is amazing more so...
by Leif Jensen | Jul 13, 2021 | Taxes |
What are the federal income tax consequences from selling a timeshare? Losses from the sale of timeshares held for personal use are nondeductible. If you are one of the lucky few that sells a timeshare at a profit, you have capital gain. Different tax rules apply to...
