Retirees get a break from required minimum distributions this year. What experts say to do insteadKEY POINTS1. It’s usually the time of year when older investors are rushing to get their required minimum distributions done by the end of the year.2. 2020 is different because they got a reprieve from …
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Tax Changes Make This A Good Time To Revise A Will
Tax Changes Make This A Good Time To Revise A WillChanges in tax laws could be affecting—and outdating—your clients’ wills and bequeathing plans.A will, as your clients probably understand, ensures that their goals for legacy and asset disposition are met. What most clients don’t understand is that …
3 healthy habits for health savings accounts
3 healthy habits for health savings accountsSee 3 easy ways to make the most of your HSA—now and into your retirement.Key takeaways1. Health savings accounts (HSAs) offer a number of benefits: not only spending for the short term, but also saving for longer-term qualified medical expenses, including …
New 2021 IRS Income Tax Brackets And Phaseouts
New 2021 IRS Income Tax Brackets And PhaseoutsEach year, the Internal Revenue Service (IRS) makes rounded inflationary adjustments to the federal income tax brackets and the income phase-outs for various tax deductions and tax credits.Although IRS Publication 17, Your Federal Income Tax, and IRS …
Life Settlements Provide Escape Hatch When You Need Cash
Life Settlements Provide Escape Hatch When You Need CashPerhaps you’ve seen the ads with older adults looking happy because they just sold their life insurance policy for cash. You might have scratched your head and wondered, “Is this for real? Can you actually sell a life insurance policy?”Yes, you …