Lenny Dinnerstein, CPA - Livingston NJ

Louis L. Dinnerstein
Certified Public Accountant

CPA, Livingston NJ
 


New Jersey Society Of Certified Public AccountantsFlorida Institute Of Certified Public Accountants

 
About Us
Accounting
Auditing & Assurance
Tax Prep/Planning
Peer Review Report
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Louis L. Dinnerstein, Lenny to all who know him, is a Certified Public Accountant, licensed in New Jersey and Florida. Lenny is a member of the American Institute of CPA’s, the New Jersey Society of CPA’s and the Florida Institute of CPA’s. Lenny holds a BA degree from Pace University, New York and has been practicing as a CPA for 35 years. Clients rely on Lenny to provide timely professional service in all areas of taxation and accounting. When you deal with this firm you deal with Lenny. When you call to talk to Lenny you get Lenny. You are never shuffled off to an inexperienced associate. Most of Lenny’s clients have been with him for more than 10 years. Personal attention and communication is what this practice is about. 

 
SAVING FOR RETIREMENT - ROTH IRA
A Roth IRA is an investment option for individuals to save for retirement. It is similar to a traditional IRA, but there are certain important differences. In tax year 2018 you can contribute up to $5,500 ($6,500 if over age 50) to a Roth IRA. The contributions are not tax deductable. There are specific income limitations to qualify for a Roth IRA. In order to participate in 201 married individuals filing jointly or qualifying widows / widowers must have an AGI of less than $188K with a partial limitation allowed up to $199K. Single individuals AGI must be less than $120K with a partial limitation allowed up to $135K. The rules are complicated.

What are the tax benefits? Retirement distributions from a Roth IRA are federally tax free, both principal and earnings. There are penalties for early withdrawal, subject to certain exceptions. There are no distribution requirements when you reach retirement age. If you do not need the income then you can leave the funds for your estate. Give Lenny a call for more information.


PO Box 30
1 Lenape Drive
Roseland, NJ 07068
201-407-7123


 



 
 Lenny Dinnerstein, CPA

PO Box 30 - 1 Lenape Drive, Roseland, NJ 07068

201-407-7123

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