Read more about the article The SECURE Act Eliminates the ‘Stretch IRA’ – Here’s What to Do

The SECURE Act Eliminates the ‘Stretch IRA’ – Here’s What to Do

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) eliminates the stretch IRA for most non-spouse beneficiaries, beginning with deaths in 2020.That means many taxpayers should look at revising their estate plans. Here's why. New IRA rulesPrior to the SECURE Act, which was a tax measure signed into law in December 2019, the law allowed heirs to "stretch" IRA distributions over their entire life expectancy. This means you could theoretically leave a large IRA to a grandchild, for example, and the distributions could be spread out over decades. This provided a significant tax deferral benefit for younger…

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Read more about the article Protect Your Boat with Insurance, Winterization

Protect Your Boat with Insurance, Winterization

Now that summer's over and the weather is cooling down, if you own a boatyou have likely pulled your vessel out of the water and parked her at home orsome other dry dock.While it's sad to think that you won't be back on your boat until next year,you also need to ensure that you keep her primed and protected by properlypreparing for fall and winter. We are offering up the following tips, but remember to also read yourowner's manual for the manufacturer's recommendations for keeping your boatprotected during the colder months: The engine Follow the manufacturer's instructions when winterizing the engine, but…

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Trick-or-Treating During the Pandemic

With Halloween approaching during the COVID-19 pandemic, many people with children who don't want to miss out on trick-or-treating likely have mixed feelings about it. Trick-or-treating will be more difficult, but it is possible if you have safety top of mind for both the kids who are trick or treating and the adults who are handing out candy to the little goblins and princesses. Before you do anything though, you will need to check with the rules and regulations in your city, county, neighborhood as well as state, as they may have imposed emergency restrictions. Here are some tips from…

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