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guardian can guarantee their well-being long into adulthood so they can continue to live the happy, care-free

If your parent is showing early signs of dementia, call our office right away for a free consultation

Let’s first look at the “five year” rule for withdrawing funds tax-free from a Roth IRA. For instance, if you deposit $1,000 in a Roth IRA, you can withdraw that same $1,000 at any time, tax-free and penalty-free. However, you can’t take a tax-free and penalty-free distribution of earnings on your funds until the

Even so, you can decrease the taxable amount for the current year by making a tax-free transfer to charity of up to $100,000 from your IRA anytime during the year, but it’s too late to make a tax-free transfer

aren’t deductible on your current tax return, but withdrawals after you retire are going to be tax-free ve already paid taxes on your contributions, the money in your account can be left to your heirs tax-free

One way to become debt-free is to increase your principal payments. If you don’t already have a Roth IRA account, consider adding one for tax-free income in retirement.

Any net investment return above the loan rate is considered a tax-free transfer of wealth to the younger GRAT generate a total pretax return that exceeds that hurdle rate, the excess return passes to heirs free A qualified personal residence trust will freeze the value of the property for gift-tax and estate-tax

individuals is that, unlike a traditional IRA, it lets you withdraw all of the funds in the account tax-free Contributions go into the HSA on a tax deductible basis and can then grow tax-free, but it can only be However, if you can afford to pay for your health care expenses out of pocket, the HSA builds up tax-free

That’s according to a report in the Chattanooga Times Free-Press entitled “Brock estate battle lives Reference: (Chattanooga) Times Free-Press (February 5, 2016) “Brock estate battle lives on as attorneys

An individual is free to decline or renounce an appointment after the testator’s death, so a decision

retirement savings accounts—like your IRAs or 401(k)s — are tax-advantageous, let the magic of tax-free any RMD (required minimum distribution) requirements, but they’re also the best thing for leaving tax-free

strategy will let you use an IRA to provide a gift for charity, rather than your other already tax-free The charity gets more of a donation tax-free than they otherwise would have if they received all of their