Calderwood Financial Strategies, Inc.
Latest News
Thursday, April 23, 2026 - Broadridge Content
Taxable distributions you receive from your IRA or retirement plan before you reach the age of 59½ are generally considered by the IRS as premature distributions (or early withdrawals). To discourage these premature distributions, they are not only subject to the usual federal and state income taxes on distributions but also to a 10% penalty tax under Internal Revenue Code Section 72(t) (and possibly a state penalty tax). This 10% penalty tax is commonly referred to as the "premature distribution tax." Fortunately, not all distributions before age 59½ are subject to this penalty. The IRS does allow some exceptions (see below). Read more...
Friday, April 10, 2026 - Broadridge Content
A tenancy by the entirety is a way spouses can own property together. If you are the co-owner of property owned as a tenancy by the entirety (you are a tenant by the entirety), that property passes automatically at your death to your surviving spouse without the expense and delay of probate. Read more...
Friday, April 10, 2026 - Broadridge Content
Capital gains tax is imposed on gains realized from the sale of capital assets such as a home, an investment, or a business interest. Special maximum tax rates generally apply to long-term capital gains; these rates are typically lower than the rates that apply to ordinary income. These special maximum rates also generally apply to qualified dividends. Read more...
Friday, April 10, 2026 - Broadridge Content
Find out why unit investment trusts have become more popular as an investment vehicle. Read more...
Wednesday, April 15, 2026 - Broadridge Content
Aging is a journey, and it may help to consider the perspective of those who are further along the path. Read more...