The most common Medicare Mistake
Workers who are nearing age 65 and have health insurance through their job may want to consider how Medicare could factor into their medical coverage.
August 18, 2021
When Should You Terminate an ILIT?
Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?
August 17, 2021
The Advantages of a Testamentary Trust
This legal document can also be beneficial in other situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
August 16, 2021
Women should plan for Long-Term Care
Who needs long-term care insurance … and who might be able to do without it?
August 13, 2021
Things that do not belong in a Will
In general, a last will and testament is an easy and straightforward way to state who gets what when you die and name a guardian for your minor children.
August 12, 2021
August 11, 2021
Who Pays Tax on a Special Needs Trust?
The main financial vehicles of supporting disabled individuals—the special needs trust and the Achieving a Better Life Experience (ABLE) account—both come with special tax conditions that advisors need to consider.
August 10, 2021
Managing Financial issues after Death of Spouse
The death of a spouse is one of the most difficult things imaginable. Besides the emotional toll, surviving spouses typically confront financial issues, which often trigger tax-related questions and consequences.
August 9, 2021
Increase in Benefits for Vets Next Year
House appropriators backed White House plans for another big funding boost for the Department of Veterans Affairs next year in their first public budget draft released on Thursday.
July 29, 2021
Roth IRA a Good Choice for Retirement
For traditional 401(k) plans and IRAs, you generally get a tax break when you make contributions and then pay taxes on the withdrawals in retirement. In contrast, Roth versions of those accounts come with no upfront tax break, but qualified withdrawals are excluded from federal income taxes.
July 28, 2021