Estate Planning & Trusts
What to Consider Before Choosing Your Beneficiaries
…written in your will. For example, if you listed uncle John as your beneficiary on your IRA account but your will says you would like the account to go to…
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Estate Planning & Trusts
5 Estate Planning Tips for Women
…you first establish a new account, such as an IRA or 401(k). Once that account is up and running, it’s easy to forget about these designations. However, it’s absolutely vital…
Taxes
The Importance of Tax Planning for Professional Athletes
…#2 – Contribute to tax-deferred retirement accounts. Making contributions to tax-deferred retirement accounts, such as a 401k or traditional IRA, can be an effective way to lower your tax exposure…
Risk Management
Permanent Life Insurance Policies
…the policy’s cash value. Consider investing in a low-cost, diversified portfolio instead Once you’ve maxed out your tax-advantaged savings accounts, such as your 401k and IRAs, it often makes sense…
Estate Planning & Trusts
Estate Planning for Blended Families
…take precedence over wills. One challenge with beneficiary designations is that you typically only think to create them when you first establish a new account, such as an IRA or…
Financial Planning
Laid Off? Do These Things Right Away
…current employer-sponsored retirement plans to make sure you’re accounting for all your assets. It’s important to then consider the pros and cons of rolling your 401k into an IRA. If…
Retirement
Deciding Where to Retire
…Taxes on retirement plan distributions – Assets held in tax-deferred accounts, such as traditional IRAs and 401ks, are subject to federal ordinary income taxes when withdrawn in retirement. However, some…
Financial Planning
5 Habits of Successful Retirement Savers
…your workplace retirement account. If you have additional funds available, make regular contributions to an IRA and a health savings account (HSA). Regularly contributing to multiple accounts can help maximize…
Financial Planning
IRS Issues Final and Proposed Regulations Focused on RMD Rules
…retirement accounts (IRAs), annuities and certain eligible deferred compensation plans. Simultaneously, the IRS also issued proposed regulations to address additional RMD issues under the SECURE 2.0 Act. Below is a…
Financial Planning, Retirement
Retirement – What Is Your Number?
…your retirement number, the first step is to identify the amount of assets invested in each of the following four buckets. The business Business real estate 401(k) and IRA plans…
