Qualified retirement plans (here referred to as “qualified plans”) and IRAs are ever increasing in importance in U.S. household wealth. According to the Investment Company Institute, at the end of the second quarter 2009, Americans held approximately $14.5 Trillion in their IRAs and qualified plans, up from $10.5 Trillion at the end of 2002. IRAs [...]

Information for clients and others who care about their estate. Estate Tax Exemption: Back to the Future Congress passed legislation that imposes a tax on all estates over $1 Million, with a tax rate up to 55%, for all taxpayers who die after January 1, 2011. However, those who die before January 1, 2011 pay no Federal [...]