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Phone: 973-455-1894 | 51 Dumont Place, Morristown, NJ 07960 | Get directions!

Kiely Capital Management offers financial planning and investment advice. Serving Central and Northern New Jersey, Yvonne and Bernard (Bernie) Kiely provide over 25 years of experience offering discretionary asset management, retirement planning and income tax preparation. KCM is registered with the State of New Jersey as a Registered Investment Advisor.


“The only thing we sell is good advice.”

©2018 Kiely Capital Management Inc. All rights reserved.

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Q. I am 67 years old, married, and have $800,000 in traditional IRAs, 401(k)s and 403(b)s. Over decades, I have jockeyed assets within these funds, but never took a taxable withdrawal. I started doing mid-December traditional-to-Roth conversions. Reporting the conversi...

President Trump said in an address last week that the Internal Revenue Service would extend the federal tax filing deadline. But filing before April 15 could mean increased security and decreased fees.

(TNS) — During his Oval Office address last week to address the nati...

Q. If we lease a car in Florida and are charged taxes on a monthly basis, do we have to pay taxes on the car to New Jersey, which is our home state?

— Driver

A. It’s a good question.

New Jersey assesses a tax when you purchase certain goods or services.

This tax is called...

Q. I am a Korean War veteran. What veteran tax breaks are available?

— Still working

A. Thank you for your service.

New Jersey offers several benefits to veterans.

In 2016, New Jersey increased the tax on gasoline.

That bill had a number of other items tacked onto it, said...

U.S. stocks are expected to freefall when the markets open Monday, following an overseas selloff when an oil price war added to coronavirus fears across the globe.

The fast plunge triggered what’s called a circuit breaker for the New York Stock Exchange, which temporari...

Q. With the passing of the SECURE Act, is it still possible to convert some of our qualified tax-deferred accounts after we retire to a Roth IRA to bypass the 10-year stretch limit for inherited IRAs?

— Planning

A. Yours is a great question.

Let’s step back for a moment.


Q. I will turn 62 in November 2021. I am a retiree with a $44,000 pension as my only income. I currently tax myself at the state level to cover my tax responsibility on the pension. Can I stop the withholding because I will be eligible for the pension exclusion.

— Retir...

Q. I am not an economist but I think that the value of stocks should be based on the yield by dividends and not necessarily on total return. If I am correct, what is the percentage return in dividends when stock prices remain stagnant? I would expect the markets to go...

Q. I turn 62 in March 2020. My pension before taxes and health insurance is $1,509 per month. I will be collecting $1,500 a month from Social Security when I turn 62. How much in state taxes am I required to pay? I think I’m eligible for the pension exclusion. I have n...

When you sell a home, you may face capital gains taxes on any profit from the sale.

A new bill would eliminate those taxes completely if the homeowner invests the proceeds in a Roth IRA.

The Senior Housing Improvement and Retirement Accounts (IRA) Act would do away with...

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How does N.J. tax these retirement distributions?

March 27, 2020

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