The CARES Act has implemented a variety of measures to help individuals and businesses get through these difficult times. The CARES Act also includes provisions designed to encourage courage charitable support and giving. These provisions not only benefit charities, they also benefit those who are … [Read more...] about The CARES Act Makes Changes to Charitable Giving
Planning for Your Minimum Required IRA Distributions
If you turned 70 ½ last year and did not take a required minimum distribution, make sure you take one by April 1, 2019, and your second distribution (for 2019) by December 31, 2019. If you don’t take the required minimum distribution you could be subject to a 50% penalty on the amount you should … [Read more...] about Planning for Your Minimum Required IRA Distributions
Asset Protection Benefits from Retirement Plans
Chicago Estate Planning Attorney — Asset Protection Benefits from Retirement Plans The tax benefits of 401(k)s and IRAs are well-known and widely used among Illinois residents planning a comprehensive estate plan. Furthermore, a well-manicured retirement plan is a great sign of financial security, … [Read more...] about Asset Protection Benefits from Retirement Plans
