How Do I Use a Charitable Remainder Trust with a Large IRA? Since the mid-1970s, saving in a tax-deferred employer-sponsored retirement plan has been a great way to save for retirement, while also deferring current income tax. Many workers put…
Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.
Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.
Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.
Creating a will is one of the most basic elements of estate planning. There are different types of wills you can choose from, including a simple will.
IRAs are a great way to save for retirement, but what happens if you contribute to a Roth IRA and your income is too high? Or you contribute more than you're allowed to a Roth or traditional IRA?
Veterans receiving government benefits will see a cost-of-living boost in 2021, if Social Security officials approve one for their recipients later this year.
Received an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.
September is the most common birth month of the year. It's also a good time for new parents to think about the financial side of their parental responsibilities.
The saying goes that anyone who does not learn from mistakes in the past, is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.