Retired Military Finances 301: 4 Things Every Plan Sponsor Should Be Thinking About For 2021
Are you a retired Senior Military Officer or NCO that owns a business? If you are, it is time to review your employee benefit plans.
Are you a retired Senior Military Officer or NCO that owns a business? If you are, it is time to review your employee benefit plans.
If you're Active Duty military, you probably received an Economic Impact Payment. Many retired military members did as well. Well, when you file your 2020 tax return, you'll need to make sure you got paid the right amount.
Retired Military Business Owner? Looking to add a retirement plan for your employees? Check out MEPs and PEPs
The SECURE Act changed a lot of things related to retirement accounts for the better. But as always there are, perhaps unintended, consequences. In this case, some really complicated rules concerning Qualified Charitable Distributions. You'll want to know them for yourself or for your Mom (or Dad).
SBP and life insurance can build the framework to protect you spouse. If you need to support a child or are concerned about estate taxes, what options are there?
Estimating your tax rate in retirement is crucial to determine if you should do a Roth conversion. But it is only half the problem. What will taxes look like for a surviving spouse?
Disclaimer
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by C.L. Sheldon & Company, LLC ), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. C.L. Sheldon & Company, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to C.L. Sheldon & Company, LLC website or incorporated herein, and C.L. Sheldon & Company, LLC takes no responsibility therefore. All such information is provided solely for convenience, educational, and informational purposes only and all users thereof should be guided accordingly. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from C.L. Sheldon & Company, LLC . To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. C.L. Sheldon & Company, LLC is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the C.L. Sheldon & Company, LLC ’s current written disclosure statement discussing our advisory services and fees is available for review upon request. DISCLAIMER OF TAX ADVICE: Any discussion contained herein cannot be considered to be tax advice. Actual tax advice would require a detailed and careful analysis of the facts and applicable law, which we expect would be time consuming and costly. We have not made and have not been asked to make that type of analysis in connection with any advice given in this blog post. As a result, we are required to advise you that any Federal tax advice rendered in this blog is not intended or written to be used and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS. In the event you would like us to perform the type of analysis that is necessary for us to provide an opinion, that does not require the above disclaimer, as always, please feel free to contact us.