Taxes Archives - Page 2 of 2 - Rodgers & Associates

Blog posts by Rodgers & Associates on tax policy, tax law, tax planning, the IRS, and related topics.

Income Tax Traps: Don’t Let Them Trip You Up

Rick Rodgers

Whatever happened to tax reform? National news has been focusing on different issues recently but the effort to reform the tax code is far from finished. Unfor­tu­nately our two political…

The Tax Advantages of Charitable Remainder Trusts

Rick Rodgers

What happens when you combine aging baby boomers and a stock market reaching all-time highs? A renewed interest in chari­table remainder trusts (CRT). The oldest of America’s 72 million baby boomers are…

Tips for Reviewing Your Life Insurance Needs

Rick Rodgers

The beginning of a new year is the time we all look for a fresh start. That’s why we make resolu­tions in hope our fresh start will carry through all year long.…

The Trifecta in Roth IRAs

Lee Pelko

Improve your odds of achieving financial indepen­dence by inves­ti­gating these strategies now.

More Common Retirement Questions

Rick Rodgers

This week’s newsletter is a contin­u­ation of a series on planning for retirement that I started early in the summer. There is a lot of infor­mation available about retirement planning but most people find…

Common Questions About Social Security

Rick Rodgers

Last month I started a series on planning for retirement. See the other posts in the series here: Has Planning for Retirement Ever Been More Difficult? Three More Questions Retirees Ask More…

Has Planning for Retirement Ever Been More Difficult?

Rick Rodgers

Planning for retirement can be very difficult. Interest rates are at historic lows, pensions are scarce and those with pensions are concerned about their solvency, the financial stability of Social…

Are We Ready for a National Sales Tax?

Rick Rodgers

The recent IRS scandal might end up having unintended conse­quences — a national sales tax. A switch from taxing income to taxing consumption could mean the end of the IRS altogether. A sales…

What You Need to Know About IRA Withdrawals

Rick Rodgers

IRAs have some quirky rules. There is a penalty for withdrawing money from IRA before age 59 ½ but there are excep­tions. You must begin taking money from your IRA at age…

Hardship Withdrawals – What are the Real Costs?

Rick Rodgers

The victims of Hurricane Sandy may have thought they were receiving help from an unusual source – the IRS. Last year the IRS Announcement 2012–44 granted relief in the form…

9 Ways to Beat the Medicare Surtax — Part 3

Rick Rodgers

This week we conclude our series on minimizing the new 2013 taxes on upper income taxpayers (see Part 1 and Part 2). Not only did the new year bring new…

9 Ways to Beat the Medicare Surtax — Part 1

Rick Rodgers

The year 2013 brings some new taxes for upper income taxpayers as well as a return of the higher tax rates from 2001. The American Taxpayer Relief Act of 2012 (ATRA12)…

Reducing Taxes on an Inherited IRA

Rick Rodgers

Have you recently inherited an IRA account? Did you know that the IRD deduction may help reduce the income tax you owe on taxable distri­b­u­tions? Income in respect of a decedent…

Strategies to Manage the Taxation of Social Security

Rick Rodgers

Last week I talked about the double taxation of dividends. Corpo­ra­tions pay tax on their earnings which are taxed a second time when they are distributed to the share­holder as dividends. The…

Consolidating Employer Retirement Accounts

Rick Rodgers

The average American will hold 11 jobs between the ages of 18 and 62, according to the Bureau of Labor Statistics (2010). When you start a new job, you probably remember…