From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com The number one question in America regarding Social Security is “At what age should I sign up?” Bluntly, no one can answer that question except you. Your answer should be based on your analysis of the three factors that determine when you should draw: genetics; personal health; and financial need. The choice to draw at age 62 or waiting until 70 may be the wisest or worst financial decision you will ever mak

From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com

From Bob Jennings at TaxSpeaker. Check out more taxspeaker.com Writing off an RV in a business In the seminar business our speakers must be able to get from one city to another because so many people are depending on us. Taxspeaker’s speakers do miss the very rare class-averaging about one every two years, but we do everything in our power to make it including driving all night, five hour cab rides and red-eye flights. A common week for me is flying out on Sunday night to sp

From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com In December 2022, SECURE Act 2.0 was signed into law to enhance retirement savings opportunities for Americans. One provision, effective in 2024, introduces new 529 plan rules, allowing owners of a 529 plan to move unused funds in the account directly to the plan beneficiary’s Roth IRA without tax or penalty. This option may provide beneficiaries with tax-free retirement money in the Roth. Previously, if benef