Chip Dahlke

The Annual Gift Tax Exclusion: Getting The Edge

Whether helping the kids with a down payment on their first home, paying the premiums on a life insurance policy in an irrevocable trust, or moving appreciated assets to a younger generation, annual gifting will touch the lives of millions of Americans. But before the transfer is made, an investor should spend some time looking at the investment and the tax ramifications of the property to be passed.... (posted by Chip Dahlke 5 years 338 days ago.)

Funding College Education Through IRA Early Withdrawals

If you are looking for some education money for yourself or your spouse, or your children or your grandchildren, and you have not reached age 59½, consider a withdrawal from either your traditional IRA or your Roth IRA, without having to pay the 10% additional tax penalty on the withdrawal. While you will still owe applicable federal income taxes on the withdrawal distributions, this is an... (posted by Chip Dahlke 5 years 338 days ago.)

Stock Buyback Plans: Sometimes They're Not What they Appear To Be

Delta Widget, Inc. has just made you a tender offer to buy back its shares of stock, which you bought from your broker a few years ago. The stock price hasn’t grown as expected and the tender offer is just slightly over market value. It's tempting to take the offer. On the other hand, when Delta Widget buys its own stock back, there will be less stock outstanding, and that could... (posted by Chip Dahlke 5 years 338 days ago.)

Your Gift from the IRS for 2006: New Limits and Contribution Amounts

Here are some of the changes in contributions and compensation limits that are in place for 2006: IRA Contributions: For those eligible, the 2006 maximum allowable contribution for a traditional IRA is $4000. This is the same for Roth IRA contributions as well. If you are age 50 or over, the “catch up” amount is an additional $1,000. SEP Provisions: For plan years... (posted by Chip Dahlke 6 years 143 days ago.)