Duke publishes article on tax considerations
Article By: Clark Leonard
Dr. Anne Duke, a University of North Georgia (UNG) associate professor of accounting, has published a scholarly article on elective withdrawals from tax-deferred qualified retirement plans.
Duke's article in the Journal of Financial Planning is "Why Clients Might (or Might Not!) Want to Raid Qualified Plans." Her research highlights the pros and cons of pulling out smaller distributions over time to avoid a potentially larger tax bill later. The subject is pertinent at this time because two significant pieces of U.S. legislation in 2017 and 2019 impacted the future of retirement distributions.
She recommends in the article that every individual or family should have a financial planner, estate planner and tax professional working together on decision-making.
"Many individuals and families have worked hard and sacrificed throughout their lives to save for the future," Duke said. "Maybe their goal is to pay for future medical expenses, leave an inheritance or give to charity. Financial professionals should work together to help families achieve their goals."
Duke has worked at the university since 2004. She is a licensed Certified Public Accountant and an active member of the Georgia Society of Certified Public Accountants. Duke can be reached at anne.duke@ung.edu.
24 are Distinguished Military Graduates
Twenty-four cadets have been named Distinguished Military Graduates for the 2024-25 academic year, including five who are in the top 70 out of more than 5,000 in the national ROTC class.
Blue Ridge students earn scholarships
UNG honored 28 of its Blue Ridge Campus students with almost $15,000 of scholarships and celebrated the philanthropy that made those scholarships possible at the Tomato Sandwich Supper on Nov. 7.
Faculty members publish article on annuity value
Professors Dr. Ellen Best and Dr. Anne Duke co-authored “Social Security: Calculating the future value of an annuity,” which ran in the Aug. 26 issue of "Tax Notes Federal."
Professor earns data security patent
Faculty member Dr. Murthy Rallapalli is the lead investigator on a cutting-edge data security solution that recently received a patent.