Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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Taxes & Retirement Income

While many taxpayers plan for retirement by investing in retirement savings accounts, it is important for taxpayers to also plan on how to handle income during retirement as well. The timing of...

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Individual Retirement Accounts: Kinds of IRAs and Prohibited Transactions

You can open different kinds of IRAs with a variety of organizations. You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. You can also open...

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Individual Retirement Accounts: Inherited IRAs

Taxpayers generally must begin withdrawing money from their IRA or retirement account upon reaching age 70½. The required minimum distribution (RMD) is the minimum amount that must be withdrawn each...

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