Inherited IRAs: SNAFU
Inherited IRAs are tricky. The IRS is working to make it even trickier. You don't want to get caught off-guard.
Inherited IRAs are tricky. The IRS is working to make it even trickier. You don't want to get caught off-guard.
There is nothing harder to "kill" than a military rumor. One that has been around for at least 10 years concerns VA Disability and your Military Pension. The Tax Court just put a stake through the heart of this rumor.
A lot of retired O-6's decide they want to be a consultant. It can be a great second career. But before you jump all in, here are some things you should know and consider.
Due to the recent market decline, there is a lot of talk going around about doing Roth conversions. Some unique aspects of military finances could make that either a good idea or a not-so-good idea.
It's pretty well known that taxes will go up for a retired Senior Military Officer or NCO. But the year you retired; you received a refund. What's up?
The Tax Cuts and Jobs Act has been around for a while now. It changed several portions of the Tax Code as they pertain to your transition from Active Duty. Some of what you heard in your unit may no longer be true.
If you retired from the military and have a VA Disability rating, the Strickland Decision and IRR 78-161 could apply to you. But, it doesn't apply in all cases. Here is what you need to know.
At some point in our life most of us will need to help out our parents. It is likely to occur after you retire from the military. There are several benefits available to you in the form of tax benefits, VA Disability Compensation and maybe Tricare benefits.
Sometimes life after the military doesn't go exactly as planned and you may want or need to get to funds in your retirement accounts before age 59 1/2. Is there a way to do that without paying penalties?
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