Changing your investing strategies because of the fiscal cliff may not be such a great idea – if Congress comes up with a compromise at the last minute it may mess up your new investments. See this article in The Mercury News by Stephen J. Butler to get an explanation:http://www.mercurynews.com/ci_22235037/It is probably a better idea to stick with your long term investment plan and treat this just like any other short term bump in the road. Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Don’t forget to take your IRA distribution!
It is the end of the year again and you need to remember to take your required minimum distribution (RMD) from your IRA. See this article in USA Today by Susan Tompor:http://www.usatoday.com/story/money/personalfinance/2012/12/19/ira-minimum-distribution-irs-retirees/1779787/Most brokerages and investment advisors have a calculator that will automatically figure andtake your RMD by year end. Make sure you ask them about it before 2013. Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Time Is Short for Cliff Deal, Lawmakers Say
This is the understatement of the year! See this article in Accounting Today by Jeff Kearns Bloomberg:http://www.accountingtoday.com/news/Time-Is-Short-for-Cliff-Deal-Lawmakers-Say-65157-1.html?ET=webcpa:e6481:204199a:&st=emailThere can always be a backdated deal on this, but why wasn’t something put together sooner?Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com