Blog Updates & eNews
If you are lucky enough to inherit a 401(k) or an IRA, when you don’t know what you are doing, you could put your inheritance at risk. The tax rules need to be followed to the T. These IRS inherited IRA rules will vary, depending on who has passed away, and who is inheriting the retirement accounts.
When financial advisors tell people the standard rules of thumb, like they need to have at least ten times their final salary saved by the time they retire, people throw up their hands and walk away.
Unlike personal property, real property—such as real estate or automobiles—is titled to convey ownership. This title must transfer when the asset is sold and must be cleared—or free of liens or encumbrances—for transfer to take place.
Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?
An attorney can take a look at the will and tell you what your rights are.
We are programmed to contribute the “max” to our retirement accounts and we disregard, or do not understand, the pitfalls of an improperly filled-out beneficiary forms.
Thanks to changes in the 2017 tax law, 529 college-savings plans are being used as estate planning tools and to pay for more education-related expenses than ever before, according to InvestmentNews.