A “Catch All” Retirement Plan Annual Contribution Max: $6,000 or $7,000 if over 50 years old. Why we like Traditional IRA’s: Available to anyone Wide variety of investment choices Total control over the amount of control you want Ability to get Fiduciary level investment advice Easy to set up and
How to “use” Amortization: Basic Definition: Amortization is a process of spreading out a cost or payment over a period of time. It’s a bit like depreciation, but while depreciation typically refers to spreading out the cost of tangible assets (like machines or buildings) over their useful lives, amortization usually
1031 Rules require all 1031 exchanges regardless of the type have a 45-day identification period and a 180-day exchange period. For a 1031 exchange to be in accordance with IRC § 1031 Rules, within 45-days of the close of the sale of the Relinquished Property the taxpayer must identify their
