How To Prepare Now For The Approaching Crossroad In Estate PlanningWe’re approaching a crossroad in estate planning, and those who might be affected need to take action before we reach it.Few people today have to worry about federal estate and gift taxes, because of the high level of exemptions. But …
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8 THINGS YOU NEED TO KNOW ABOUT YOUR INHERITED IRA
8 THINGS YOU NEED TO KNOW ABOUT YOUR INHERITED IRAA significant percentage of IRA assets will ultimately go to nonspouse beneficiaries. When these beneficiaries inherit the funds, special rules kick in. Inherited IRAs are not like other IRA accounts. Here is what you need to know if you inherited an …
Joe Biden’s Tax Plan Explained
Joe Biden’s Tax Plan ExplainedTax policy is one of the more inscrutable parts of American politics, yet it’s one of the areas that impacts the most people on a day-to-day basis. Former Vice President Joe Biden, the Democratic presidential candidate, has released a number of proposed tax policies, …
What Is A Qualified Longevity Annuity Contract (QLAC)?
What Is A Qualified Longevity Annuity Contract (QLAC)?A Qualified Longevity Annuity Contract, or QLAC, is a type of annuity contract specifically designed to keep you from outliving your retirement savings. As a deferred annuity, QLACs provide you with a guaranteed stream of income later in life. In …
Getting Remarried? Avoid These 4 Estate-Planning Pitfalls.
Getting Remarried? Avoid These 4 Estate-Planning Pitfalls.With a rise in "gray divorces" in recent years, it’s only natural that remarriage has become more prevalent among seniors. But people tend to be lax about updating their estate plan.It’s easy to have an estate plan fall out of date following …