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Accelerating deductions to save taxes

by Melissa Rager

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically is a good idea. Why? Because it will defer tax, which usually is […]

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Cash Value Life Insurance

by Greg Hopkins

Cash-value life insurance policy is a term that has become increasingly popular as individuals become aware of the significant benefits that this policy provides. In researching this topic, the majority of the articles I have come across are very pro-policy. Most authors and experts were promoting the immense benefits of a cash-value life insurance policy […]

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No IRA is Safe Anymore

by Greg Hopkins

In June of 2013, the Supreme Court ruled in Clark v. Rameker that an inherited IRA is no longer a retirement account once the beneficiary withdraws any amount from their inherited IRA. Beneficiaries are no longer protected from creditors under federal bankruptcy law.  The foundation of the case stems from Heidi Heffron-Clark who received an […]

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