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How Trusts are Taxed

Tax requirements for trusts vary depending on the type of trust. While some trusts are designed to accomplish tax planning goals, the income taxation of the trust itself should also be considered when determining whether and what type of trust to set up for one's beneficiaries.
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Proposed Retirement Account Tax Changes: RMD Age, Caps, Incentives

The U.S. Senate Finance Committee recently proposed increasing the age for Required Minimum Distributions (RMDs). The proposal, Retirement Improvements and Savings Enhancements (RISE) Bill, was submitted in early September 2016 and, if passed, would affect RMDs for all retirement plan accounts and provide alternative terms for account owners with balances of less than $150,000 per account.
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