Medicare Resources

SSA Publication No. 05-10043 Medicare Resources gov – Eligibility & Premium Calculator Trustees Reports – Medicare Medicare Eligibility, Requirements – AARP Bulletin Medicare Enrollment Deadline; Joining the Program – AARP Bulletin Medicare and Other Types of Health Coverage – AARP Bulletin gov – Eligibility & Premium Calculator Medicare Rights Center – Home

Social Security Resources

General information on Social Security Retirement Benefits Social Security Retirement Benefits SSA Publication No. 05-10035 A “Snapshot.” SSA Publication No. 05-10006 Social Security Retirement Planner Learn About Social Insurance How benefits are calculated How You Earn Credits. SSA Publication No. 05-10072 Understanding the Benefits. SSA Publication No. 05-10024 Your Retirement Benefit: How It Is Figured. …

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 Are life insurance proceeds payable under a policy on a qualified participant’s life includible in such participant’s gross estate?

Life insurance proceeds from a qualified plan that are payable to the deceased participant’s executor (or estate) are includible in the deceased participant’s gross estate. [IRC §2042(1)] If the proceeds are payable to a beneficiary, they are included in the deceased participant’s gross estate only if the decedent possessed incidents of ownership in the policy …

 Are life insurance proceeds payable under a policy on a qualified participant’s life includible in such participant’s gross estate? Read More »

What is the basic tax treatment of benefits payable on death from tax-qualified retirement plans?

Death benefits payable from tax-qualified retirement plans are subject to two types of taxation: (1) estate tax as a part of the deceased participant’s gross estate and (2) income tax to the recipient/beneficiary. Death benefits from tax-qualified retirement plans are income with respect to a decedent. [IRC §691] The impact upon the recipient is softened, …

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What are the key estate planning considerations for qualified retirement plan benefits and IRAs?

Both estate tax and income tax results should be considered in planning qualified retirement plan benefits and IRAs. Both IRAs and qualified retirement plan benefits are includible in a plan participant’s or IRA owner’s gross estate; however, if those benefits are willed to the participant’s/owner’s spouse, the marital deduction will eliminate estate tax on such …

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