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Horsesmouth Essential: The “designated” college savings vehicle may be a 529 plan, but a Roth IRA can offer more flexibility and control while still providing many of the same tax benefits.
Excess IRA contributions often go undetected, resulting in significant excise and income taxes for clients. An audit of IRS Form 5498 can help you identify a client’s excess contributions in time, so you can make necessary corrections by the applicable deadline and avert possible penalties.
Horsesmouth Essential: Woe to the taxpayer who runs afoul of the numerous and confusing IRA rules. There are forms to file, contributions to make, distributions to take, and penalties to avoid. While corrections are possible, it’s best to avoid mistakes in the first place. Here's what you need to know.
TheStreet: Tax implications, sibling rivalry, co-trustees—these issues and more can create costly mistakes in estate planning. Help your clients steer clear of them.
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Social Security and Medicare Workshop
With Elaine Floyd, CFP®
May 12–15, 2025
The Discovery Meeting Workshop: Transform Your Discovery Process
May 19–20, 2025