Do you have enough money saved up for your retirement? Do you feel good about your golden years? The good news is that legislation was passed recently. It’s called the Setting Every Community Up for Retirement Enhancement (SECURE) Act. However, it means saying goodbye to stretch IRAs and age limits on IRA contributions. Toby Mathis and Jeff Webb of Anderson Advisors answer SECURE Act and other tax questions that may impact your financial future. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• I am trying to qualify my wife for real estate professional status, and she will go part-time next year. She is a physician. How will IRS treat her on-call duty hours? Only count hours she is actually working on real estate, not her on-call duty hours

For all questions/answers discussed, sign up to be a Platinum member to view the replay!

Go to iTunes to leave a review of the Tax Tuesday podcast. 

Resources:

SECURE Act

Individual Retirement Arrangements (IRAs) 

Stretch IRA

Traditional and Roth IRAs

Real Estate Professional Requirements

Types of Trusts

Bonus Depreciation

Depreciation Recapture

Health Savings Account (HSA)

Schedule C

Cost Segregation Tax Breaks!

401(k)

1031 Exchange

Solo 401(k)

Capital Gains Exclusion/Section 121

Garn-St Germain Depository Institutions Act of 1982

Rollovers as Business Start-Ups (ROBS)

Employer ID Number (EIN)

501(c)(3)

199A Deduction

Opportunity Zones FAQ

Opportunity Zone Heat Map

Airbnb/Short-term Rentals

Toby Mathis

Anderson Advisors

Anderson Advisors Tax and Asset Protection Event

Tax-Wise Workshop

Anderson Advisors on YouTube

Anderson Advisors on Facebook

Anderson Advisors Podcast