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Signing of the Medicare Program into Law

THIS DAY IN HISTORY, President Johnson made history with the Signing of the Medicare Program into Law. On July 30, 1965, America was hoping for a brighter future.    President Johnson’s Vision for Americans Here’s what President Johnson had to say about it...

The SECURE Act

On Jan. 1, 2020, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect, and it represents the most significant retirement-planning legislation in decades. Indeed, the changes ushered in by the SECURE Act have dramatic implications...
Inherited IRAs in Bankruptcy

Inherited IRAs in Bankruptcy

This supreme court decision made Inherited IRAs fair game in Bankruptcy: In Clark v. Rameker, Heidi Heffron-Clark inherited an IRA from her mother. She received distributions from that inherited IRA for several years before filing Chapter 7 bankruptcy. Ms....
Life Insurance Proceeds and Taxation

Life Insurance Proceeds and Taxation

If you have been responsible enough to purchase a life insurance policy as added protection for your loved ones, then you will want to carry that responsible action a little further by protecting that important payout from taxation. If you are married and have named...