New IRS Interpretation of IRA Rollover Rules

March 27, 2014 12:00 am

The IRS has just announced that it intends to follow a recent Tax Court opinion (Bobrow v. Commissioner, T.C. Memo) regarding IRA rollovers. The changes, which won’t become effective until after January 1, 2015, could have significant tax ramific…

4 Ways to Spend Your Income Tax Refund

March 7, 2014 12:00 am

Are you one of the 75% of taxpaying Americans who will get a refund this year?  That number seemed surprisingly high to me since I’ve always been taught that overpaying or having too much withheld for taxes was basically lending Uncle Sam mo…

Where’s my 1099? {The 2014 edition}

February 19, 2014 12:00 am

Last year I wrote a blog about 1099’s and why investors should expect their 1099’s to arrive in late February. I thought now would be a good time to republish this blog, because most of the information is still accurate.

I said it last ye…

TV Interview: Retirement Planning for Generation X with Derek Amey

August 30, 2013 12:00 am

Building on his August 28th blog on generation x retirement planning, Derek Amey had the opportunity to speak with WJAR’s Frank Coletta about the differences between a Traditional IRA/401k and a ROTH IRA.

Derek Amey with Frank Coletta from WJA…

Debt vs. Deficit: What’s the difference?

May 14, 2013 12:00 am

There was news recently that the federal government paid down some of its debt for the first time since 2007. I guess you could argue this is good news: it’s better than not paying the debt down, but why it happened is equally as important. …

Where’s My 1099?

February 14, 2013 12:00 am

Tax season has just started, and the annual wrangling over documents for our accountants has begun. For you early birds, the delay in 1099’s every year is a major nuisance. Let’s get something out right away: unless the tax laws change or t…