Insights
Financial & Estate Planning
Pieces filed under Financial & Estate Planning, newest first.
Tax Planning
Inherited IRA Withdrawal Rules from the Secure Act
By now, most people are aware the Secure Act, passed in 2020, contained major changes to the rules surrounding distribution requirements from Inherited IRAs for accounts inherited in 2020 or after. Primarily, this law eliminated the Stretch IRA provision for non-spousal…
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Financial Planning
Simplifying Eldercare Planning for Your Family
As the population ages, the term “Elder” has become increasingly common in discussions. You may have heard it in phrases like “Eldercare,” “Elder Law,” or “Elder Finance.” This can be confusing, so we’d like to explain and simplify the concept of eldercare planning.
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Estate Planning
Responsibilities of an Executor of an Estate
Clients often come to us with questions on estate planning. We at MCF are here as a guide and resource to help you navigate the decisions you must make while drawing up your estate plan. One decision you must make when estate planning is choosing an executor. Someone you trust…
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Tax Planning
Embracing the Impact of Donor Advised Funds: A Smart Approach to Tax Efficient Philanthropy
Donor Advised Funds are charitable investment accounts that facilitate gifting of cash, securities, or other assets into a fund that is managed by a trusted institution.
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Tax Planning
Understanding Capital Gains
A capital gain is generated from the sale of a capital asset, generally an investment-type asset. Not all capital gains are considered equal in the eyes of the IRS. A gain from the sale of a capital asset held for less than a year is considered a short-term capital gain and is…
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