by Bruce E. Bell | Jun 1, 2023 | Tax Corner, Bruce E. Bell
Question: I own a number of mutual funds. Should I be switching my investment assets to ETFs for income tax savings? Answer: Mutual funds and ETFs (exchange traded funds) are common investments for personal portfolios. ETFs are generally considered...
by Bruce E. Bell | May 2, 2023 | Tax Corner, Bruce E. Bell
Question: I am one of three equal owners of a corporation where I continue to work. I just turned age 70 and am wondering if I can defer the start of required minimum distributions from our company 401(k) plan until I retire? Answer: Required minimum...
by Bruce E. Bell | Apr 3, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: My mother is terminally ill and holds a meaningful amount of property, including traditional Individual Retirement Accounts. Is there a basis step-up at her death on her IRAs and on any of my appreciated assets I may choose to transfer to her?...
by Bruce E. Bell | Mar 1, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: I own two separate businesses and am considering adopting a profit sharing and 401(k) plan for my employees. Is my advisor correct that the plan must cover the employees of both companies?...
by Bruce E. Bell | Feb 22, 2023 | Insights, Bruce E. Bell, Sales Rep Articles
The ownership of life insurance is a much-needed component of business succession and personal financial plans. Life insurance needs vary from funding needed to purchase the ownership interest of a business partner upon death, creating liquidity for the family of a...
by Bruce E. Bell | Feb 1, 2023 | Tax Corner, Bruce E. Bell, Insights
Question: My husband and I recently won the grand prize from my State’s lottery. Can you provide some guidance on how we will be taxed on our lotto winnings? Answer: ...
