As part of the "fiscal cliff" deal,
Congress has resurrected a popular tax-law provision, known as the "IRA
charitable rollover" that had expired at the end of 2011.
The rule allows many investors 70½ or
older to transfer as much as $100,000 a year from an individual
retirement account directly to a qualified charity without having to
count any of that transfer as taxable income.
Read more... at the Wall Street Journal.
Showing posts with label IRA's. Show all posts
Showing posts with label IRA's. Show all posts
Tuesday, January 8, 2013
Saturday, January 5, 2013
Government eyeing your 401(k)
Is nationalizing retirement on Obama's agenda?
Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt.
Read more... on how Obama wants your 401(k) too!
Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt.
Read more... on how Obama wants your 401(k) too!
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