The ‘stretch IRA’ estate planning strategy is gone. Here are 4 other optionsTax Guy presents some alternatives to the ‘stretch IRA’ strategy, which was curtailed by the 2019 SECURE ActThe COVID-19 era is a mess, and we’re still in the middle of it. But life goes on. So, let’s be more open to doing …
These 2 Words Could Send Your Retirement Money to the Wrong Beneficiary
These 2 Words Could Send Your Retirement Money to the Wrong Beneficiary"Per stirpes" vs. "per capita." Making the wrong choice could cause an estate planning disaster.Planning for your death may feel slightly morbid and uncomfortable. But the alternative option — ignoring estate planning and …
How To “Disinherit The IRS”
In a post-SECURE Act world, the tax-efficient transfer of your IRA wealth can now be best accomplished through the benefits of using tax-free life insurance. By Bill Monte, CLU, ChFC, CLTC, LTCP, RICP As a legacy planning and wealth transfer expert, my objective is always to educate my …
What to Know Before Purchasing a Long-Term Care Rider
What to Know Before Purchasing a Long-Term Care RiderDo you know the difference between a long-term care rider and chronic illness rider? Section 7702B and Section 101(g)? If you're contemplating a life insurance policy or annuity with a long-term care rider, make sure to understand the key …
How To Get A Better Rate On An Existing Life Insurance Policy If Your Health Has Improved
How To Get A Better Rate On An Existing Life Insurance Policy If Your Health Has ImprovedWere you in less-than-perfect health when you applied for and bought life insurance coverage? Maybe you wanted to lose weight, had blood pressure that was a high or had a smoking habit you needed to kick. But …