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On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015, part of which reinstated and made permanent a provision of the Internal Revenue Code (the “Code”) that allows individuals who are 70½ or older to transfer up to $100,000 annually from their IRA to one […]
Earlier this month, President Obama signed the Bipartisan Budget Act of 2015, taking away two lucrative social security strategies, and making it harder on Baby Boomers hoping to retire. File and Suspend Under this first strategy, the higher-earning spouse applies for benefits at full retirement age (FRA), and then immediately suspends […]
On June 26, 2015, the Supreme Court of the United States, in Obergefell v. Hodges, Director, Ohio Department of Health, in a five to four opinion ruled to allow same-sex marriages in every state. The Court held that the 14th Amendment requires a state to license a marriage between two people […]
Many eyes are on the Florida Legislature as it makes its final tweaks to the much-anticipated alimony reform bill. With the legislative session ending on April 30, 2015, a bill that would eliminate permanent alimony and remove the existing categories of bridge-the-gap, rehabilitative, durational, or permanent alimony is expected to […]