This handout highlights the rules regarding the exception to the 10% penalty for early retirement distributions. The handout also discusses the possible risks involved in implementing this strategy.
Read MoreThis handout discusses the duties of a personal representative for a taxpayer who has died. It also indicates tax reporting requirements for a deceased taxpayer and how to allocate the income in the year of death.
Read MoreThis handout highlights the components of Social Security retirement and disability benefits. It also provides an Overview of Medicare eligibility and benefits.
Read MoreThis handout contains information for homeowners over age 62 who may be interested in converting the equity in his or her home into cash. Included is guidance on who qualifies for a reverse mortgage and examples of reverse mortgage situations.
Read MoreThis handout discusses a taxpayer's various sources of retirement income including Social Security, pension, and IRA distributions. Age-specific requirements and tax implications are highlighted.
Read MoreThis handout discusses the tax advantages and rules of traditional IRAs. It also includes the phaseouts for deducting contributions for taxpayers who are also covered by an employer-sponsored plan.
Read MoreThis handout discusses the tax advantages of a Roth IRA. It includes information on contribution and conversion rules.
Read MoreThis handout reviews the rules for required minimum distributions from IRAs and defined contribution plans.
Read MoreThis handout discusses the various types of IRAs and the tax benefits and implications of each. It also discusses the effect of the taxpayer's participation in prohibited transactions within these types of accounts.
Read MoreThis handout discusses the choices a beneficiary has when inheriting a traditional or Roth IRA. It includes information on required minimum distributions.
Read MoreThis handout reviews the rules which allow higher income individuals to bypass income limitations and effectively make a Roth IRA contribution.
Read MoreThis handout discusses the various methods of saving for college. It includes information on contribution limits as well as tax benefits associated with each method of saving.
Read MoreThis handout outlines some of the considerations for an employee who is selecting a pension option. The handout provides a description of a potential financial limitation of choosing the wrong type of pension payout and a strategy to consider to alleviate drawbacks of the various choices.
Read MoreThis handout outlines some of the steps taxpayers should take once they become married. It explains how to handle tax filing requirements as well as personal things such as notifying financial institutions.
Read MoreThis worksheet provides a method for calculating the cost of moving out of home. The worksheet includes calculations for one-time as well as periodic costs.
Read MoreThis handout discusses the importance of having a will. Issues such as property passing at death and probate are also discussed.
Read MoreThis handout highlights the rules regarding the exception to the 10% penalty for early retirement distributions. The handout also discusses the possible risks involved in implementing this strategy.
Read MoreThis handout provides valuable information about how assets and income affect the financial aid application process. The handout includes asset and debt strategies to help with the planning process.
Read MoreThis handout highlights the various types of retirement accounts along with the contribution limits and rules. The handout also includes information on qualifying for the Retirement Savings Contribution Credit.
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