When you contribute to a 529 plan, you'll not only help your child, grandchild, or other loved one pay for school, but you'll also remove money from your taxable estate. This will help you minimize your tax liability and preserve more of your estate for your loved ones after you die. So, if you're … [Read more...]
Windward Tax Bulletin: Estate Planning and 529 Plans
Windward Community: Dog Parks in the Kansas City area
Leaves are turning vibrant colors, and cool weather inspires people to enjoy the great outdoors. It’s also a great time to explore Kansas City with those puppies and dogs! Below are some dog parks where dogs and people can enjoy some adventure and company!There is even a new bar (Bar K Dog Bar) … [Read more...]
Windward Passages: Keep Your Eyes on the Horizon
As I’m writing, the market is down roughly 7% in three weeks. When the markets turn volatile and confusing, even the most patient investors may come to question the wisdom of the investment plan they are following.Difficult markets come and go, but it’s important to remember that your plan … [Read more...]
Windward Tax Bulletin: Navigating IRA Early Distribution Rules
Distributions from Traditional IRAs: Prior to Age 59½ In generalA withdrawal from an IRA is generally referred to as a distribution. If you receive a distribution from your traditional IRA before you reach the age of 59½, the federal government considers this a premature distribution. Like … [Read more...]
Windward Community: Wineries in the Kansas City area
Fall is a great time of year to enjoy the fruits of local vineyards. The Kansas City metropolitan area has lots of wineries to explore. From Olathe to Independence to Excelsior Springs, there are many local wineries to check out. Even if you aren’t a wine connoisseur, these wineries have lots of … [Read more...]