Potential Tax Law Changes Under a New Administration
By David R. Foster, JD, AEP, CLU, ChFC, CAP, FLMI The 2017 Tax Act contained sweeping changes to the federal tax code for individuals, families, estates, and businesses. How long the Act will remain the law of the land is largely dependent on the outcome of the upcoming elections. The current administration has stated their
Required Minimum Distributions (RMDs) and Coronavirus-Related Distributions in 2020
CARES Act Provides Options To Retirees As you may know, Required Minimum Distributions (RMDs) are required by tax law to be taken out of your IRA balances each year when you reach the age 72 (70.5 if you were born before July 1, 1949); however, due to the Coronavirus pandemic, you may consider changing your
Enhancing The Value of Your Business Ahead of Your Succession Plan
By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI The life cycle of a closely held business can be compared to that of your typical family home. When you are considering the purchase of a home you analyze location, price, size, current mortgage rates and the overall appeal of the home. You have a