What Should I Know about Immediate Variable Annuities?
Immediate annuities (also known as payout or income annuities) require you to pay to an insurance company. The insurer will send you a stream of payments, starting right away.
Some States are Lowering Taxes to Entice Retirees to Relocate
Maryland is known as the Free State, reflecting its tradition of political freedom and religious tolerance, along with its resistance to Prohibition. Talk to retirees, though, and they’ll tell you the nickname is a misnomer, at least as far as taxes are concerned.
What Do I Need to Retire?
One of the biggest threats to your financial security isn’t the markets, interest rates or even your job security. It is a lack of preparation, particularly for unexpected events, that usually leaves investors reeling when markets swoon. If you haven’t protected yourself from the potential downsides in life, after all, then it’s difficult to maneuver when the unforeseen strikes.
Are You One of the Many Headed toward Financial Disaster?
Managing your finances likely isn't the most exciting task on your to-do list, but it's crucial if you want to reach all your financial goals and set yourself up for long-term success.
Does My Business Need a Succession Plan?
As a small business owner, you should be thinking about your succession plan. A succession plan—or exit plan—is the strategic transferring of management roles or ownership of the company to others, whether it be a family member, an employee or an outside party.
Is Life Insurance a Good Idea for My Estate Plan?
Most American adults own life insurance, yet the buying process can be perplexing and pose traps for the unwary — and cause financial problems years down the road.
Are You Relying on Social Security Alone for Retirement?
About 40% of older Americans may be relying exclusively on Social Security for income, according to recent research.
Am I Better Off Investing Earlier in My IRA?
If you’re under age 50, you can contribute up to $6,000 across one or more IRAs for tax year 2020. If you’re age 50 or older, the limit is slightly higher ($7,000).
What Exactly Is the Estate Tax?
The estate tax in the United States is a tax on your right to transfer property to other individuals upon your death, according to the IRS. In other words, when you die, the U.S. government might be entitled to a portion of your assets before the remainder can be passed to your heirs. Not all inherited assets are subject to the estate tax. In fact, the U.S. estate tax only affects the wealthiest households.
Why Should I Pair my Business Succession and Estate Planning?
Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.