DFI Wealth Management Blog

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Browsing Posts in Taxes

New 60 Day IRA Rollover Rules If you have multiple Individual Retirement Accounts (IRAs) then you need to be aware of a fairly new IRS ruling that could end up costing you significant penalties if you misstep and start transferring assets from one IRA account to another. In the past you could move or transfer […]

Taxation of Social Security Benefits Looking back in time the taxation of Social Security benefits began in 1984 prior to that benefit payments were exempt from federal income tax. The taxable amount of income was set at 50 percent and later in 1993 increased to 85 percent depending on total income received during the year. […]