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 …
Do I Need A Trust If I Have A Will?
Do I Need A Trust If I Have A Will? A will and a trust are two different estate planning tools. Consider a will like a high-level set of instructions to be used after you pass away. You generally use a will to name the executor of your estate and guardianship for your children. Although you can …
Don’t Overlook The Benefits Of Estate Planning
Don’t Overlook The Benefits Of Estate Planning Taking care of your family in the unfortunate event that something happens to you is essential in life. Having an estate plan in place can help prevent your beneficiaries from dealing with a long, contentious probate process. In addition to a …
CARES Act Drastically Changes Required Minimum Distribution Rules For 2020
CARES Act Drastically Changes Required Minimum Distribution Rules For 2020 The CARES Act essentially suspended required minimum distributions (RMDs) for 2020 across the board. However, there have been a lot of questions about what this means for those who already took out distributions, and the …
Cure Your IRA Tax Infestation with a Roth
Cure Your IRA Tax Infestation with a Roth Nasty taxes are hiding in 401(k)s, 403(b)s and traditional IRAs. To help eradicate that problem, Roth accounts could give you the flexibility you'll need for retirement. Roth IRAs have been around for more than 20 years, yet I regularly meet retirees and …