Monday, October 19, 2020
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Should You Name Your Trust as Beneficiary of Retirement Plan Assets?

As you may know, the person (or persons) designated as the beneficiary of your tax-deferred 401(k) plan, 403(b) plan traditional IRA, Roth IRA and other retirement plans will receive that money when you die. These...

Tax-Smart Strategy: Leaving IRA Money to Charity

These days, many people have a large percentage of their wealth in the form of traditional IRA accounts. In most cases, this is because significant distributions have been rolled over tax-free from qualified retirement plans...

There May Be Hidden Tax Deductions in Your Retirement Community Fees

You or someone you love may be ready for a retirement community living arrangement, which typically includes lifetime residential accommodations, meals, and some degree of medical services. These facilities can be quite expensive. The good...

5 Reasons You May Still Need Life Insurance After Retirement

Every stage of life has its own unique financial planning and insurance needs and retirement is no different. If your life insurance policy hasn't changed in twenty years, the coverage it provides may no longer...

Are You Getting a Late Start on Retirement Saving?

Have you suddenly realized that you're getting older and still haven't saved much for retirement? Don't just avoid the entire topic, knowing you won't like the answers. If you're getting a late start on saving,...

401(k) Plans & IRAs – Don’t Let Heirs Make These Mistakes

While annual contributions to individual retirement accounts (IRAs) are still relatively modest, the ability to roll over 401(k) balances to an IRA can result in significant account balances for many investors. IRAs are thus becoming estate...

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