W.R. Nichols and Associates. PC

With new powers, Gov. Brian Kemp is now able to do things like seize private property for the response, mandate quarantines and mandate vaccinations.

https://www.msn.com//northeast-ohio-jail-seeki/ar-BB11gGcR

The Death Knell for Stretch IRAs Has Tolled: On May 23, 2019, the U.S. House of Representatives passed H.R. 1994, also known as the SECURE Act. The Senate is expected to pass a similar bill known as the Retirement Enhancement Savings Act, aka RESA. Key provisions of the SECURE Act include:... -Increasing the beginning date for required minimum distributions (RMDs) from 70 to 72; -Repealing the maximum age for contributions to traditional IRAs; -Adding exceptions for penalty-free withdrawals by an account owner; and -Requiring certain beneficiaries to withdraw inherited account balances within 10 years of the account owner’s death. The requirements of this last bullet point has estate planning attorneys concerned. Currently, life expectancy rules effective when an account owner dies allow non-spouse beneficiaries to stretch required minimum distributions (RMDs) over their individual life expectancies. So, many estate planners include conduit provisions in their clients’ trusts to ensure the trust will qualify as a designated beneficiary of a retirement account, even though the RMDs are still passed through to the trust’s primary beneficiary using their life expectancy and taxed as income to that beneficiary. The new law will make conduit trusts ineffective after 10 years.

"Open the Pod Doors, HAL!..." Part IV--High Tech, Disabilities, & Monitoring Bluetooth is the best thing that's happened to remote controls since the advent of infra-red technology made them easier than radio. For those with disabilities, connectivity to smart devices is making vast improvements in not only functionality, but in performance of daily routines. Two examples are: hearing aids and assistance for the cognitively impaired. Companies are making available hearing aid...Continue reading