There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer’s retirement plan. The funds are never payable to you. An indirect (60-day) rollover is a payment made to you that you later roll over to an IRA or an employer retirement plan. 1 When you request a distribution from your employer’s 401(k), 403(b), or governmental 457(b) plan that’s eligible for rollover, you’ll receive a statement describing the tax rules applicable to your distribution and your rollover options. 2 You should read that statement carefully.

Read Full Article Here: https://www.aurochsfinancial.com/wp-content/uploads/2018/11/How-to-Roll-Over-Your-Employer-Retirement-Plan-Assets.pdf

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)

Recently, as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018,
Congress made several changes to credit rules that benefit consumers.Read More

On September 6, 2018, the MSCI Emerging Markets (EM) Index — which tracks stocks in 24 of the world’s
largest developing economies — dropped 20% below its January high, a level of decline that is commonly
considered a bear market.1 Hong Kong’s Hang Seng Index reached the same negative milestone a few
days later. China’s benchmark Shanghai Composite entered bear territory in June.2Read More

A reminder from TD Ameritrade – Monday, October 15, 2018, will mark three important tax deadlines for tax year 2017:

• Final Deadline for Individual Federal Income Tax Returns: the nationwide final deadline for filing an individual federal income tax return (Forms 1040, 1040A, 1040EZ) for tax year 2017 after having filed for an extension.

For more information, go to When, How, and Where to File on the IRS website.

• Removal of Excess (ROE) and Recharacterization Deadline: the processing deadline for tax year 2017 Removal of Excess (ROE) and Recharacterization requests, as per an automatic extension granted by the IRS. We will process all requests received in good order by close of business October 15 on a best-efforts basis; however, please submit all requests as soon as possible to ensure processing for tax year 2017. Any Prior Year Removal of Excess request(s) processed after the deadline will be reported to the IRS as an after-tax filing. Recharacterization requests received after the deadline will not be processed, in accordance with IRS regulations.

Requests must be received in good order for processing.

If a new IRA is being established to facilitate a Recharacterization, the new account forms must be received in good order.

• SEP and SIMPLE IRA Contribution Deadline: the postmark deadline for Qualified Retirement Plan (QRP), Simplified Employee Pension (SEP) IRA, and Employer Savings Incentive Match Plan for Employees (SIMPLE) IRA Prior Year Contributions, as per an automatic extension granted by the IRS.

Requests must be received in good order for processing. If an internal cash transfer is requested to fund a contribution deposit, adequate cash must be available in the delivering account on or before October 15, 2018.

Please note that as per IRS regulations, TD Ameritrade will report SEP and SIMPLE contributions to the IRS based upon the year we receive them. It is up to the employer to designate the appropriate tax year.

Sincerely, John V. Tovar, Managing Director, TD Ameritrade Institutional

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)

The House of Representatives passed its Tax Reform 2.0 legislation on Friday, and it has the potential to make some pretty significant changes to the already-revised U.S. tax code. Among other things, it would make the individual tax cuts created by the Tax Cuts and Jobs Act permanent and also make significant changes that affect retirement savers.

With that in mind, here’s an overview of what Tax Reform 2.0 would do and where the legislation goes from here.

Full Article: https://www.fool.com/taxes/2018/09/28/tax-reform-20-just-passed-the-house-heres-what-you.aspx?fs_test=False

Source: Matthew Frankel, CFP (TMFMathGuy) The Motley Fool

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)

Blockchain is a data structure used to create a digital ledger shared among a distributed network of
computers. It was initially designed for the peer-to-peer exchange of the virtual currency bitcoin.

However, businesses are now developing and testing some potentially game-changing blockchain applications.

Read Full Article Here: https://www.aurochsfinancial.com/wp-content/uploads/2018/09/Blockchain-Buzz.pdf

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)

The IRS has released proposed regulations that would shut down some suggested workarounds for the new $10,000 limit on the deductibility of state and local taxes (SALT). The new guidance would close the door on a strategy offered by some states to circumvent the deduction limit by attempting to turn the taxes paid into charitable contributions not subject to the same cap.

Read Full Article: https://www.aurochsfinancial.com/wp-content/uploads/2018/09/IRS-Shuts-Down-State-Tax-Workaround.pdf

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)

At Aurochs Financial Group, our purpose is to provide the best wealth management possible and to build excellent long term relationships with our clients. We believe that the secret to any successful relationship is to have clear expectations from the beginning. We ask that you read the tenets by which we operate, what you can expect from us, and what we expect from you, as our client.Read More

If you’re a senior, the future may present more of a concern than it once did–you may wonder what you’ll do if your health deteriorates. If you must enter a nursing home, for example, how will you pay for it? Fortunately, you may have several options. One such option is long-term care insurance (LTCI). Government-regulated programs can also help. These include Medicare, Medigap, and Medicaid.Read More

There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer’s retirement
plan. The funds are never payable to you. An indirect (60-day) rollover is a payment made to you that you later roll over to an IRA or an employer
retirement plan.

Read Full Article Here: https://www.aurochsfinancial.com/wp-content/uploads/2018/08/Roll-Over-Your-Employer-Retirement-Plan-Assets.pdf

Are you ready to create a plan for living the life you’ve always dreamed about?  Contact us today to schedule your complimentary discovery meeting. 

Your Guide to Financial Independence

Rick Epple, CFP(r), CeFT (r)