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 …
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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 …
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 …