IRA – MD Update

Where Do We Go from Here?

December 1, 2020December 1, 2020 Scott Neal -contribution limit, 70½, B., Biden, Biden victory, calendar move, Care act, catch-up limit, contribution, COVID, Dr. Woody Brock, duration of the market, employer 's match, entire employer 's match, entire final paycheck, financial house, firm 's sale, FOMO, free money, inherited IRAs, interest rate, IRA, IRA contribution, K., late market move, let 's keep, minimum amount necessary, owner of inherited IRAs, paycheck, plan administrator, polarized electorate, prospect of future earnings, QCD, required minimum distribution, RMD, RMD wrinkle, RMDs, Roth contribution, Roth IRA, Scott Neal, smart folk, steep sell-off, stock, stock market, tax year, tax-year contribution, tortuous decline, traditional IRA, trap of FOMO, upward bias, v-shaped recovery, wall street analyst, wash sale, year-end

For the nation, 2020 has been one of the most difficult years in memory. We are grappling with COVID and

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New Tax Rules and Planning Opportunities Under CARES

May 1, 2020September 4, 2020 Scott Neal 10, 10 year rule, beneficiary, beneficiary designation, calculate interest, contribution, contribution deduction, conversion, Coronavirus aid, deduction, early confusion, economic security act, estimated tax, financial future, financial plan, high earn year, IRA, IRA contribution deadline, medical need of patient, minimum distribution, new law, new tax rule, pandemic, penalty, potential trap, prior limit, re-cast, retirement, retirement account, retirement account distribution, retirement account owner, retirement plan, RMDs, Roth, Scott Neal, secure act, select group of beneficiary, spouse, spouse die, survive spouse, tax filing, taxable social security, traditional retirement account, tread, unique plan opportunity, young beneficiary

Before talking about taxes and money, let me first say thank you to all of you who are meeting the

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Tax Planning Tips

February 1, 2020April 2, 2020 Matt Smith, CPA, CFE advisor, amount of self-employment income, backdoor, bonus depreciation, care benefit, charitable contribution, contribution, contribution deduction, cost of qualify property, Dean Dorton, deduction, dependent care benefit, estimated tax, exclusion, FSAs, general information, HSA, HSA contribution, HSAs, income tax withhold, IRA, IRAs, medical expense, net capital gain, net long-term loss, net short-term capital gain, placed-in-service, pre-tax, pre-tax deduction, pre-tax option, previously-used asset, qualify property, realize capital loss, retirement, retirement plan deferral, Roth IRA, Roth IRA contribution, S corporation, S., self employment income, Self-Employed, Self-Employed plan, self-employed retirement plan, self-employment, tax loss, tax plan tip, wash sale, withhold

If you haven’t already, now is the time to assess your 2019 tax situation. A few items you may want

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The SECURE Act and Your Retirement

February 1, 2020April 2, 2020 Scott Neal 70½, asset, beneficiary, bracket, bracket management, carryforwards, consideration, conversion, critical decision factor, current tax regime, deceased owner, decision factor, free income, future generation, high tax bracket, important provision of the act, income recognition, income recognition strategy, inherited IRAs, insurance, IRA, IRA beneficiary designation, IRAs, IRS table life expectancy, job act, large retirement account relative, life insurance, low tax year, minimum distribution, must start, non-retirement, non-retirement account, non-spouse, non-spouse beneficiary, plan opportunity, prior plan, prolong wealth, re-evaluated, reprieve, retirement, retirement account relative, retirement asset, retirement enhancement, RMDs, Roth, Roth asset, Roth conversion, Roth distribution, Roth IRAs, Roth reprieve, Scott Neal, secure act, stock advice, strategic approach, tax bracket, tax-free, tax-free distribution, tax-free growth, taxpayer, top of the current 24% bracket, traditional IRAs, traditional retirement asset

For as long as I can remember, the stock advice about IRAs has been to stretch them out as long

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Two Financial Updates for 2019

March 1, 2019May 13, 2019 Scott Neal adjusted gross income, bond market slide, China 's central bank, DAF, deduction, donor-advised, donor-advised fund, dramatic sell-off, economic growth number, extreme bullishness, extreme panic, fed, filer, financial update, future interest rate hike, growth number, hold stock, interest rate, IRA, job act, long-term goal, market outlook, married joint filer, MSCI All-World, MSCI All-World index, new standard deduction, OR 2, QE 1, quantitative tighten, reduce reserve requirement, renewal of the bond, risk tolerance, RMD, round of quantitative ease, Scott Neal, single filer, stay power, tax update, uncertain trade talk, US bull market, US debt, year 's worth of charitable deduction

Market Update The US bull market is getting long in the tooth. We have just witnessed a V-shaped partial recovery

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Remember the IRA?

April 1, 2017March 23, 2018 Scott Neal completed tax return, contribution, CPA, deduction, form 8606, income limit, IRA, IRA contribution, IRAs, non-deductible, non-deductible contribution, nonwork spouse, old CPA, preparer, qualified plan restriction, qualified retirement plan, quick refresher, retirement, retirement account, retirement plan, Roth, Roth contribution, Roth IRAs, Scott Neal, spouse, tax basis, tax code, tax return, taxpayer, taxpayer relief act, traditional IRA, traditional IRAs

I once heard about an old CPA who, after presenting a completed tax return to his client, said, “Don’t read

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A Guide to Smarter Giving

January 1, 2017March 23, 2018 Scott Neal 70½, AGI, capital gain tax, charitable intent, charitable organization, charity, DAF, deduction, donation, donor-advised, donor-advised fund, eleemosynary intent, eligible charitable organization, full value of the share, gain tax, high income year, income year, intent, IRA, itemized deduction, lawyer call, non-retirement, non-retirement account, non-taxable distribution, QCD, QCDs, qualified charitable distribution, qualified charity, required minimum distribution, RMD, Scott Neal, smart give, tax return, utilize part

If you are like most people with charitable intent (lawyers call it eleemosynary intent), you write checks to charities of

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The Ultimate

June 1, 2013 Calvin R. Rasey advisor, amount of premium, amount subject, asset, beneficiary, benefit tax, Calvin, Calvin R., cash, cash balance plan, cash value, cost of pure insurance protection, death benefit, dollar, exclusive benefit of employee, income tax, insurance, insured, insured 's estate, investment, investment advisor, IRA, life insurance, life insurance premium, life insurance premium pre-tax, LLC, P.S., P.S. 58, P.S. 58 cost, permitted investment, plan participant, plan principle purpose, plan principle purpose of provide retirement benefit, pre-tax, pre-tax dollar, premium, profit share plan, provide retirement benefit, purchase life insurance, pure cost, pure cost of the death benefit, QRP, QRP pay premium, qualified plan, qualified retirement plan, R., Rasey, retirement, retirement plan, service II, traditional defined benefit

Do you ever wish you could pay your life insurance premium with pre-tax dollars while keeping your benefit tax free?

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Planning for Market Leadership

August 1, 2012March 22, 2017 Gil Dunn 40, AAAHC, acne, Allergy & Immunology, ambulatory surgery center, anesthesia, anesthesia surgery, Anir Dhir, Beaumont area, board-certified, cancer, cancer cell, Castro, Charlie Becknell, complete physical exam, complete physical exam of the skin, cosmetic dermatology, DAK, de, dermatological, dermatologist, dermatology, dermatology associate, dermatology associate of Kentucky, dermatology practice, Dhir, double board-certified, double-boarded, double-boarded internist, entire staff, exam, fellowship, Fernando, follow-up care, found partner, free-standing dermatology center, general anesthesia surgery, general dermatologist, general dermatology, growth of DAK, Immunodermatopathology, immunology, internist, IRA, Ira P., Kentucky, laboratory dermatological immunology, large free-standing dermatology center, large freestanding practice, Laurie, Leavell, Lexington, Lexington imagine, lexington-based dermatology associate, Margaux, Margaux farm, market leadership, Mary Guiglia, Massa, Md., Mersack, micrographic, Mohs, Mohs micrographic surgery, Mohs surgery, off-label, off-label use, P., partner, patient care, Persian gold, physician, pinwheel, practice philosophy, psoriasis, R., Ramsey, Sherri Baer, simple practice philosophy, simple practice philosophy of an emphasis, skin, skin cancer, success of DAK, surgeon, surgery, surgery center, surgical dermatology, surgical technique, systemic illness, tissue, tissue save procedure, Todd Clark, tumor, UK 's commonwealth stadium, UofL, UofL 's Papa John, UofL 's Papa John 's cardinal stadium, volume of lexington-based dermatology associate of Kentucky, W., wart, west side of Lexington

LEXINGTON Imagine UofL’s Papa John’s Cardinal Stadium filled to capacity or UK’s Commonwealth Stadium with all but the corners filled

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Is Retirement in Your Future?

June 1, 2012 Scott Neal age-weighted, assortment of choice, calculation, closely-held, complexity, contribution, cost of the plan, DB, DB plan, de, de rigueur, defined contribution, disqualification of an exist plan 's tax, employee, employer, exist plan 's tax, family 's future benefit, formal retirement plan, governmental coercion, individualized calculation, IRA, IRA contribution, old owner of a closely-held business, outside administrator, physician 's practice, plan 's tax, problem of terminology, profit share plan, qualified plan, qualified retirement plan rule, qualitative reason, question of need, real fiscal problem, required contribution, retirement, retirement plan, retirement plan rule, right retirement plan, scale of complexity, Scott Neal, side income, tax man cometh, tax-advantaged, tax-advantaged retirement plan, tax-deferred, tax-deferred growth, tax-deferred retirement plan, tax-deferred save, tax-saving, tax-saving incentive

Qualified retirement plan rules are changing once again. Later this summer, retirement plans must disclose to participants all the costs

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