Latest
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Using Asset Location to Defuse a Retirement Tax Bomb
required minimum distributions (RMDs) Investors can set themselves up for lower tax bills in retirement using a strategy few folks are familiar with: asset location. The idea behind it is simple, but implementing it can be a bit tricky.
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How to Defuse a Retirement Tax Bomb, Starting With 1 Simple Move
required minimum distributions (RMDs) There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.
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Estate Planning: 5 Tips to Pick Trustees, Executors and POAs
estate planning The decisions on who would be best to carry out your wishes aren’t always clear-cut, and it’s easy to make a mistake. So before you name the agents for your estate planning documents, take these five tips into consideration.
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Will Your Kids Inherit a Tax Bomb from You?
required minimum distributions (RMDs) You’ve carefully saved a lot in tax-deferred retirement accounts, and you hope to pass much of that wealth to your loved ones. Unfortunately, your legacy for your heirs will also include a massive tax bill.
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Why Do I Need a Trust?
estate planning A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust.
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How to Avoid Financial Panic When a Recession Threatens
retirement planning More Americans are worried about a recession with record inflation and a downturn in the stock market. If you’re among them, here are a few steps you can take that could help you sleep better at night.
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Watch Out! RMDs Can Trigger Massive Medicare Means Testing Surcharges
retirement planning Saving too much in tax-deferred retirement accounts could mean you’ll pay hundreds of thousands more than necessary on Medicare premiums in retirement. For some couples, the hit could even top $1 million. Here’s what you need to know.
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Grandparent Scams Get Victims in Their Hearts
Scams If you get a call from someone who claims to be your grandchild in trouble and needing money right away, be wary. Don’t send any money or give any information until you verify the story.
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When It Comes to Your RMDs, Be Very, Very Afraid!
retirement planning If you’ve saved heavily in a traditional IRA or 401(k) you may feel great about your retirement savings now, but your required minimum distributions can be frighteningly large in retirement. And the tax bill they generate can be even scarier.
