Everything You Need to Know About Reverse Mortgages For seniors wondering how to fund retirement, tapping the wealth you’ve built in your home can seem appealing. But reverse mortgages are complicated and can have big downsides you need to aware of before you commit. Reverse mortgages allow you …
Do You Know Someone Who May Be In Need Of My Legacy and Long-Term Care Planning Expertise?
By Bill Monte, CLU, ChFC, CLTC, LTCP I hope all has been going well with you, your entire family and all whom you are close to. Our lives have certainly changed drastically in just a couple of months. All this change, coupled with frequent news briefings and dramatic headlines, can cause us …
Who Should be the Owner of a 529 Plan?
Who Should be the Owner of a 529 Plan? With the price of higher education increasing nearly eight-times faster than wages, saving and paying for college is a common concern for many families. While there are multiple ways to begin saving for educational expenses, 529 plans are the most …
The Death Of The Stretch IRA: Financial Strategies To Protect Your Legacy Post-SECURE Act
The Death Of The Stretch IRA: Financial Strategies To Protect Your Legacy Post-SECURE Act In December, Congress passed the SECURE Act, and the president signed it into law. The SECURE Act, which took effect Jan. 1, changes many of the rules surrounding individual retirement accounts and other …
Life Insurance and the Demise of the Stretch IRA
Life Insurance and the Demise of the Stretch IRA Since their introduction in 1974, IRAs have become one of the most popular tools for retirement savings. And with an average of one out of three Americans now owning an IRA, they are also among the most significant assets addressed in many estate …