Tag: IRA

Tax Nightmare

Is Your IRA a Tax Nightmare?

For many Americans, putting money back into a retirement account such as a 401(k) or traditional IRA has been their primary choice to save for retirement. After all, most company plans offer some sort of matching incentive based on what you contribute and your contributions are deducted from your taxable income. In fact, you may…
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July 17, 2024 0

RMDs – A New Year with New Rules

Let’s start with a reminder of what a Required Minimum Distribution (RMD) is: A required minimum distribution (RMD) is the amount of money that must be withdrawn from an employer-sponsored retirement plan, traditional IRA, SEP, or SIMPLE individual retirement account (IRA) by owners and qualified retirement plan participants of retirement age.1 The main question here is…
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January 10, 2023 0

The Gift That Gives…In More Ways Than One

It is that time of year – Christmas! Maybe it’s due to watching Scrooge or The Grinch for the umpteenth time, but it seems we are all inspired to give back during the holidays even in the smallest way. Here are a few ideas to give to your favorite causes and have Uncle Sam help…
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December 21, 2021 0

Securities offered through Calton & Associates, Inc. member FINRA and SIPC, a Registered Investment Adviser. Investment advisory services offered through Smart Money Group, LLC, a Registered Investment Adviser. Smart Money Group, LLC and Kennedy Financial Services, Inc. are not owned or controlled by Calton & Associates, Inc.