By Terry Prather, CFP® The Tax Cuts and Jobs Act of 2017 introduced a charitable giving strategy that is particularly beneficial for retirees hoping to make an impact while also reducing their tax exposure. A qualified charitable distribution (QCD) allows you to make a direct transfer from your tax-deferred retirement account to a charitable organization … Read more
The Los Angeles Times recently reported that a hacking group had stolen the personal records of 2.9 billion people from National Public Data, a firm that provides personal information to employers, staffing agencies, private investigators and other organizations conducting background checks.[1] The information released included individuals’ Social Security numbers, full names, birthdates, addresses, phone numbers … Read more
If you are just getting started with retirement planning, it can be difficult to determine what type of retirement savings account is right for you. Between employer-sponsored, self-directed, tax-deferred, tax-exempt, pre-tax and after-tax plans, it can sometimes seem like your options are endless. In this guide, we provide an overview of several popular retirement plan … Read more