You're beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit … [Read more...]
Windward Tax Bulletin: Asset Protection in Estate Planning
Windward Community: St. Joseph, MO
What do you know about St. Joe, MO? A city located about 30 minutes north of Kansas City’s International airport is chalk full of history, museums, festivals, parks, golf courses, outdoor concerts, and more.Did you know that the Pony Express started in St. Joseph, MO in 1860? Do you know how … [Read more...]
Windward Passages: Charitable Contributions from IRAs
The Pension Protection Act of 2006 first allowed taxpayers age 70½ and older to make tax-free charitable donations directly from their IRAs. By making a qualified charitable distribution (QCD) from an IRA directly to a qualified charitable organization, older IRA owners were allowed to exclude up to … [Read more...]
Windward Tax Bulletin: The Roth 401(k)
Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income. What is a Roth 401(k)? A Roth 401(k) is … [Read more...]
Windward Community: North Kansas City
Did you know? North Kansas City is not just a geographical location referring to the northern part of Kansas City, MO. It is a city in Clay County, MO that takes up just under five square miles. While only a few thousand people reside North Kansas City, nearly 25,000 people work in NKC. It is … [Read more...]