Question: How do I report the money I sent to charity out of my IRA so that money isn’t included in my adjusted gross income? Answer: 1040 line 4a A lot of people have that question at this time of year. When you receive your 1099-R, the financial custodian reports the amount of money that...Read More

Learn how to make a charitable contribution out of your IRA. This special tax benefit allows you to avoid income tax and for your charity to receive the full distribution without paying any taxes!Read More

When it comes to retirement planning, there are a variety of options available to individuals. Two of the most popular options are the 401(k) and the Individual Retirement Account (IRA). However, there are other options available as well, each with their own advantages and disadvantages. In this article, we will take a closer look at...Read More

  What a year it has been! It’s hard to pick the most distinctive moment of this year as the economy has been unexpectedly rocky, due to both domestic and international events. All along, we’ve published our weekly Periscope to provide up-to-date commentary on the latest twists and turns relative to your portfolio and long-term...Read More

A required minimum distribution (RMD) is the annual amount that must be withdrawn from a traditional IRA or a qualified retirement plan (such as a 401(k), 403(b), and self-employed plans) after the account owner reaches the age of 72, The last date allowed for the first withdrawal is April 1 following the year in which...Read More

In this brief but informative podcast, Karl Frank, CFP, Mike Miller, CPA and Nathan Merrill, JD, discuss the QCD: Qualified Charitable Distribution. Learn the benefits and drawbacks of pulling money out of a retirement account and giving it to a charity. The Qualified Charitable Distribution (QCD) is a great way for someone to give money...Read More