Converting a Traditional IRA to a Roth Before or During Retirement It doesn’t always make sense to convert a traditional IRA to a Roth IRA. Your current and projected tax rate is often a main component of the decision, but there are other issues at play. Converting a traditional IRA to a …
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How Does COVID-19’s Low-Interest Environment Affect Existing Insurance Policies?
How Does COVID-19's Low-Interest Environment Affect Existing Insurance Policies? The interest rates on loans, including bonds, are at an unbelievable low due to the global pandemic. This will affect your client’s existing policies. Below, I break out general account products (whole life …
Everything You Need to Know About Reverse Mortgages
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 …