2016-2017 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year, although some of the income thresholds have changed.  If you want to begin planning … Read more »

2015-2016 Contribution Limits for Tax Deferred Savings

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year.  If you want to begin planning for your 2016 contributions or to maximize your … Read more »

Owen Murray On Roth IRA Planning in L.A. Times Article

Owen Murray, director of investments for Horizon Advisors, was interviewed by Dean Starkman for an article discussing year end tax planning ideas, titled “Year-end tips may yield tax savings”, that appeared in the December 24th edition of the Los Angeles. Owen described a recent partial Roth IRA conversion which we … Read more »

2014-2015 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for 2015.  If you want to begin planning for your 2015 contributions or to maximize your 2014 tax deferred savings, the attached chart will give you the amounts you can contribute and any applicable income limitations for this year and next.  Click … Read more »

Saving Taxes – Give Your IRA RMD to Charity

Did you know that you can give your IRA RMD to charity?  If you are over 70 1/2, charitably-inclined and you don’t need your annual IRA distribution, the Tax Relief Act passed in January of 2013, extended a provision allowing your required minimum distribution to be directed to charity.  The … Read more »

Larry Maddox in WSJ on Charitable Giving with IRAs

Larry Maddox, president of Horizon Advisors, contributed to an article in the Wall Street Journal on Saturday, May 26, titled “Getting Around Double Taxation.” Larry collaborated with writer Arden Dale in describing charitable gifts of IRA required minimum distributions. The article read in part, “Retirees who want to give to … Read more »