New tax laws challenge the conventional wisdom about where to invest retirement savings. When it comes to Uncle Sam’s cut of your nest egg, you can pay now or later. Even recent tax legislation hasn’t altered that. What have changed…
credit advice for spouses aniticipating divorce
10% penalty on early distributions from qualified retirement plans
remains deductible from the payer’s gross income and taxable to the recipient’s gross income in the year it is actually paid
Women are living longer and enjoying more active senior years than ever before. However, just as this door to unprecedented liesure time is opening up, the traditional means of funding retirement – social security and pension plans – are becoming less able to meet retiree’s needs. Women still have what it takes to do what is necessary.
If you’re a woman, chances are you face a tug-of-war of sorts when planning for retirement.
IRS may recharacterize the payment as child support
Roughly 90% of all women will end up managing their finances alone at some point in their lives. Unfortunately, the first time that many women become involved with some financial matters is during a crises, such as a spouse’s death or divorce. We’ve prepared a list of thought-provoking questions.
the three-year recapture rule
requirements for spousal support (alimony) to be taxable as income to the recipient and deductible to the payor
Property transfers between spouses in connection with a divorce creates no gain or loss and no additional income
the larger the benefit enjoyed by the petitioner, the less unfairness in paying something toward that benefit and the less likely the IRS will be sympathetic to the claim
If the parties are married as of December 31st, they may take advantage of their Married Filing Jointly tax status
exemptions for children of divorced parents
Head of Household filing status provides more favorable tax rates to an unmarried individual who maintains a household for certain dependents
marriage and money
seven ways to get your finances in order for 2004
end of year tax tips
2003 has been a year of great growth for the economy and the markets, in stark contrast to 2002. How can you best take advantage of what we forecast for 2004?
The key to creating harmony is the discussion