Comments for Getting Your Financial Ducks In A Row

Comment on Per Stirpes / Per Capita–What Does it Mean? by jblankenship

jblankenship — Wed, 22 May 2013 18:11:41 +0000

YAK!

Nice catch, Clydewolf. I’ve updated with “the rest of the story”. :)

Comment on Per Stirpes / Per Capita–What Does it Mean? by clydewolf

clydewolf — Wed, 22 May 2013 17:30:17 +0000

I believe someone pressed the “GO” button too soon…
Your last sentence is copied here: “Sometimes per capita is used by generation, which”

Comment on Fixing an IRA With the “Wrong” Beneficiary by A Fibonacci Round Up » JoeTaxpayer

A Fibonacci Round Up » JoeTaxpayer — Sun, 12 May 2013 11:01:33 +0000

[...] we’ll wrap this week up with Fixing an IRA With the “Wrong” Beneficiary, excellent info if you inherit an IRA but felt that siblings were left [...]

Comment on State Income Tax and Retirement Income by jblankenship

jblankenship — Thu, 09 May 2013 20:24:56 +0000

Yes. Amazing as it sounds, pretty much all retirement income is exempt from IL state income tax.

No wonder we’re in so much trouble – well, the corruption thing too – but still! :)

Comment on State Income Tax and Retirement Income by sraskie

sraskie — Thu, 09 May 2013 19:20:05 +0000

Hi Clyde,

According to Publication 120 from the IL Department of Revenue, you may include early distributions from qualified plans and IRAs in the amount subtracted from your IL-1040, line 5. This means early withdrawals are also excluded from state income tax in IL.

Thanks!

Comment on State Income Tax and Retirement Income by clydewolf

clydewolf — Thu, 09 May 2013 19:08:11 +0000

Does Illinois exempt the retirement income regardless of age?
I know in some states you must be age 59 1/2 before the state income tax exemption kicks in.

Comment on Fixing an IRA With the “Wrong” Beneficiary by jblankenship

jblankenship — Wed, 01 May 2013 18:32:08 +0000

Thanks for your kind words, Johnny. Glad to hear that you got something from it!

Comment on Fixing an IRA With the “Wrong” Beneficiary by Johnny Roland

Johnny Roland — Wed, 01 May 2013 17:23:18 +0000

Great blog posting on how to be creative and use disclaiming to achieve a desired result. Always appreciate your insights on the “details” we need to be aware of.

Comment on A Money Back Guarantee by sraskie

sraskie — Thu, 25 Apr 2013 16:56:12 +0000

Thanks, Jerry!

Comment on A Money Back Guarantee by Jerry Holbrook

Jerry Holbrook — Thu, 25 Apr 2013 16:53:48 +0000

Love your articles. Keep up the good work.