Multi-Generational IRA: A Gift of Love to Grandkids!

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The American Taxpayer Relief Act (ATRA) was passed by Congress on January 1, 2013 and signed into law by President Obama the next day. For high-income taxpayers: tax rates rise from the prior maximum 35 percent to 39.6 percent; and the maximum tax rate on capital gains and dividends rise from 15 percent to 20 percent.

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