Do you get eager to use your 401K or IRA money? Emergencies are certainly going to arise from time to time. When they do, people are often all too eager to use their 401k or IRA money to bridge that gap. This is a terrible idea for many reasons but I will touch upon three right now.
Charitable Contribution: Tax Plan for Potential IRA-to-Charity Provision
Are you are 70.5 or over? Have you not taken all or any of your 2015 required minimum distribution (RMD) from your IRA? Do you plan to but have not yet made a significant charitable contribution? … Read More