The Importance of Income Tax Planning Given Current Federal Estate Tax

Now that the Federal estate tax rate amount is $12.06 million for 2022, individuals should spend extra time income tax planning.

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Are Social Security Benefits Taxable?

The taxation of Social Security benefits may be taxable, there is no clear cut answer, it depends on your income. 

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Marry Your Estate and Succession Plans 

Take the necessary estate and succession planning steps now to ensure that your business and heirs are protected as you transfer the business and protect you wealth.

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Opportune Time to Convert to a Roth IRA

Given the state of the economy, now may be a good time to covert a traditional IRA to a Roth IRA.

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Transfer IRA Assets as a Qualified Charity Distribution

Use a Living Will to Carry out Final Medical Decisions

It is important to understand the difference between a living will and a last will testament and plan accordingly to make sure that your final medical wishes are fulfilled.

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Lumsden McCormick is a Great Place to Work

Lumsden McCormick is proud to be Certified™ a Great Place to Work® after participating for the first time in 2022.

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