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retirement

$10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?

December 7, 2015 By Stephen Nelson CPA

Picture of piggy banks

In an online forum recently, I saw someone suggest you can accumulate a $10,000,000  Individual Retirement Account or 401(k) account. This is … [Read more...] about $10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?

Filed Under: personal finance, retirement

The Rich Get Poorer: the Myth of Dynastic Wealth

September 1, 2015 By Stephen Nelson CPA

Picture of an abandoned derelict mansion

In the recent paper, “The Rich Get Poorer: the Myth of Dynastic Wealth,” Robert D Arnott, William J. Bernstein, and Lillian J Wu analyze the arguments … [Read more...] about The Rich Get Poorer: the Myth of Dynastic Wealth

Filed Under: business taxes, management, New business, personal finance, retirement

Do You Have a Foreign Trust to Report to the IRS?

July 1, 2015 By Beth Nelson CPA

U.S. taxpayers get get tripped up more easily than they usually realize when it comes to interests in foreign investments or income from foreign … [Read more...] about Do You Have a Foreign Trust to Report to the IRS?

Filed Under: foreign tax issues, retirement

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Featured Posts

Washington millionaire tax creates two marriage penalties

Washington Millionaires Tax Marriage Penalty

The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read More...] about Washington Millionaires Tax Marriage Penalty

Washington state millionaire tax statistics

Washington’s New Millionaires Tax Statistics

Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read More...] about Washington’s New Millionaires Tax Statistics

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

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