Taxpayer Relief Act of 2012: 5 Key 2013 Retirement Planning Points | Ed Slott and Company, LLC

Taxpayer Relief Act of 2012: 5 Key 2013 Retirement Planning Points

By Jeffery Levine, IRA Technical Expert  

Follow Me on Twitter: @IRAGuru4EdSlott

The House of Representatives passed a previously-passed Senate bill (H.R. 8), a 157-page bill called the American Taxpayer Relief Act of 2012. There are many retirement planning provisions included in the bill that kept the United States from plunging off the fiscal cliff (cue scary music, plus the equally-scary reality that another showdown over spending cuts and deficit reduction is looming on the horizon).

One key word struck us as we extensively combed through the piece of legislation: permanent. Many of the provisions we discuss in the video below were made permanent, meaning we may have some concrete planning guidance moving forward.

To help you begin to think about 2013 planning, we broke down the lengthy piece of legislation into 5 key 2013 retirement planning points. We list them and go into more detail in the video below. Also, make sure to subscribe to our YouTube page, IRAtv, for future alerts each time we post a new informative video.

One subject we don't touch on in the video (Qualified Charitable Distributions) was a popular topic found in our inbox at year end, and the Taxpayer Relief Act of 2012 answers many of the questions involving QCDs. As a programming note, Beverly DeVeny will discuss QCDs at length in this space on Friday, so check back for that.

5 Key 2013 Retirement Planning Points

  • Income tax rates
  • Permanent estate tax exemption
  • Permanent capital gains rates
  • Index of inflation for AMT patch
  • In-plan Roth conversion CHANGE

Receive Ed Slott and Company Articles Straight to Your Inbox!
Enter your email address:

Delivered by FeedBurner

 


Content Citation Guidelines

Below is the required verbiage that must be added to any re-branded piece from Ed Slott and Company, LLC or IRA Help, LLC. The verbiage must be used any time you take text from a piece and put it onto your own letterhead, within your newsletter, on your website, etc. Verbiage varies based on where you’re taking the content from.

Please be advised that prior to distributing re-branded content, you must send a proof to matt@irahelp.com for approval.

For white papers/other outflow pieces:
Copyright © [year of publication], [Ed Slott and Company, LLC or IRA Help, LLC - depending on what it says on the original piece] Reprinted with permission [Ed Slott and Company, LLC or IRA Help, LLC - depending on what it says on the original piece] takes no responsibility for the current accuracy of this information.

For charts:
Copyright © [year of publication], Ed Slott and Company, LLC Reprinted with permission Ed Slott and Company, LLC takes no responsibility for the current accuracy of this information.

For Slott Report articles:
Copyright © [year of article], Ed Slott and Company, LLC Reprinted from The Slott Report, [insert date of article], with permission. [Insert article URL] Ed Slott and Company, LLC takes no responsibility for the current accuracy of this article.

Please contact Matt Smith at matt@irahelp.com or (516) 536-8282 with any questions.

 

Find members of Ed Slott's Elite IRA Advisor GroupSM in your area.
We neither keep nor share your information entered on this form.
 

I agree to the terms and services:

You may review the terms and conditions here.