The Roth versus the Traditional IRA: an annual decision.
Most investors would quickly say that Roth IRAs are always better
than Traditional IRAs because of the "tax benefit." Are they
right? Sometimes a Traditional IRA will provide an investor with . . .
The guru in you: developing a testing frame of mind.
If you have been following my column, you are familiar with my
belief that you can become a better accountant and resource for your
business clients by learning a bit about marketing. A key element . . .
Simplifying retirement plan distributions: reviewing the
"newest" required minimum distribution rules.
As financial services professionals, we're often caught in a
dilemma...balancing the needs of estate planning and income tax
planning. Wealthier retirees often prefer to postpone distributions . . .
The Grand America Hotel in Salt Lake City is tops.
What? You haven't yet registered to attend NSA's 58th
Annual Convention in Salt Lake City, August 20-23, 2003? What are you
waiting for? This will be the most talked about convention of my . . .
Saving for college.
The cost of college these days is staggering. Attending a public
university for four years can cost considerably in excess of $50,000,
and possibly twice as much at a private school. These costs . . .
Communicate with power.
Think about the conversations you have throughout any given day.
Are all of them productive? If you're typical, they're
probably not. Productive communication involves more than just two
people . . .
The benefits of a deferred compensation plan.
To the Executive
1. Wealth Accumulation
Policy values over and above the company's cumulative premium
advances generally accrue to the benefit of the employee.
2. Control
The employee . . .
Candidates for NSA office. (Election Supplement 2003).
Daniel E. Setters
EA, ABA, ATA
Candidate for President
"Time and tide wait for no one"...
It is almost impossible for me to believe that we are two years
hence from the Minneapolis . . .
Questions to the tax desk.
Q A taxpayer dies who has a sizable IRA from which he was already
receiving distributions. What options does the surviving spouse have?
A She can choose to treat the IRA as if it were her own. . . .
Audits--new IRS audit initiatives. (Client Report).
We would like to alert you to some significant changes in the way
the IRS targets businesses for tax audits, and how it conducts them.
When you read statistics about the percentage of returns that . . .
The power of a will: estate planning to protect your
family's future.
If we have learned anything during the last two years, it is that
unthinkable things can happen and often do happen. Following the
September 11th terrorist attack, we learned that six in ten adults . . .
Today's accounting manager: helping employees adapt to
change.
Change is a fact of life, especially in the workplace, but for many
people change is fraught with difficulty. Staff may support new
initiatives immediately, but sometimes there can be a backlash.
. . .
Getting down to business: The fine art of hiring and
firing.
Many years ago, acting under a high level of stress and irritation,
my business partner abruptly fired a young woman who slowly meandered
into our office at 9:20 one Monday morning after another . . .
Cash balance pension plans: do they discriminate against older
employees?
One of the most important issues facing the pension world today
involves companies replacing their traditional, defined-benefit pension
plans with cash-balance plans. Although cash-balance plans . . .
Non-competition agreements and public accounting firms: issues to
consider before and after signing on the dotted line.
Many public accounting firms are asking current and new employees
to sign non-competition agreements. Even though employees may not
initially view a non-competition agreement as a key issue in . . .
More than money: retirement in a tough market.
Over our lifetimes, we pursue the American Dream, or several
American dreams. One is owning our own home. Retirement is another. We
work hard and we keep alive our fantasies of eventually sleeping . . .
Reducing the taxation of Social Security retirement
benefits.
Social Security is a major source of retirement income for most
seniors, and anything that affects Social Security is important to them.
Seniors have seen increases in the Social Security tax . . .
Making sense out of your computer: why is my computer so
slow?
It used to be so fast! But now...
The number one question I get regarding computers is "Why is
my computer so slow?" The majority of computer users are running
their computers much more slowly . . .
Understanding trusts.
When attempting to preserve wealth within the family unit, one must
be aware that there are three major obstacles, as follows:
1. Taxation--both the income tax and the estate & gift tax.
2. . . .
How to buy (and repair) a computer and not make an idiot of
yourself.
Buying a computer can be a trying experience. Today's computer
technology is complex and beyond the under. standing of most laymen. Few
professionals feel comfortable offering computer consulting . . .
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