The Importance of Reporting to Credit Agencies After Death
It is the responsibility of the surviving spouse or the estate’s executor to notify lenders on joint accounts, to close out accounts in the deceased’s name, and to notify the three major credit agencies.
Estate Planning Essentials Part 3: Protecting Beneficiaries from Themselves
Studies have shown that some heirs ultimately end up in worse financial shape after receiving an inheritance. This is so common that psychologists call it sudden wealth syndrome, although it is not an actual psychological diagnosis.
Six Retirement Tips That Should Go Away Forever
These misperceptions can end up costing you a lot of money, and more importantly, years of your life working for someone else rather than pursuing your passions.
Estate Planning Essentials Part 2: Are Trusts Needed for Minor Beneficiaries?
Trusts can be an essential part of your plan—but they are often complex and time-consuming to set up.
Power of Attorney Roadblocks: Can You Answer These Three Questions About Your POA?
You may be shocked to learn that new national and state laws may have prohibited your agent’s power to act.
Estate Planning Essentials Part 1: Take Time to Prepare the Heir
The mechanics of estate planning can be easy enough, but the big picture requires a lot of thought and soul searching.
9 Retirement Decisions You’ll Want To Make With a Specialist
It’s wise to use an adviser whose primary focus is on strategies that maximize the retirement experience.
Phase 1 of the AGILE Retirement Journey
Did you know a critical phase of retirement begins 10 years out? We’ll go over what you need to do in phase one on this edition of Project Wealth.
Phase 2 of the AGILE Retirement Journey
Preparing for retirement might be the single biggest financial challenge people face. We’ll cover planning at the beginning of your retirement journey on this edition of Project Wealth.
Phase 3 of the AGILE Retirement Journey
Transitioning from work to retirement might be the biggest financial challenge people face. We’ll cover planning during Phase 3 of your retirement journey on this edition of Project Wealth.
Other Ways to Utilize Savings in a 529 Plan Without a Penalty
The good news is that there are plenty of legitimate options to avoid the penalties and taxes.
High Earners: Maximize Your 401(k) Match Using This Simple Tool
Don’t leave money on the table.
Designing the Ideal Retirement: Keep Doing What You Love, Eliminate the Rest
Could a happy retirement still include working, but only doing the parts of our jobs we enjoy?
Becoming Financially Independent Part 3: Build Your New Three-Legged Stool™ and Help It Grow
It’s just as important to diversify how funds are saved as it is to diversify how they are invested.
Financial Challenges of Losing a Spouse in Retirement
Widows and widowers whose spouses were younger than 72 at the time of death need to examine their options carefully before rolling over their spouse’s IRA.
Becoming Financially Independent Part 2: Do Not Disturb Accumulation, Do Not Overlook Consolidation
Do not spend money that has been accumulated for financial independence. Invading long-term savings extends the time it will take to achieve a goal.
You May Be Able to Reduce the Taxes from Inherited Assets
If you’re the beneficiary of retirement accounts or other inherited assets, it pays to learn about the IRD deduction.
Becoming Financially Independent, Part 1: Where to Start
Time is the most important word in our investment vocabulary. If financial independence is the goal, starting today beats waiting until tomorrow.
Common Traps That Could Catch Early Retirees
Until you reach age 59 ½, attempting to access tax-deferred retirement accounts could trigger taxes and penalties.
How Does the SECURE Act Affect Legacy Planning for Large IRAs?
With the passage of the SECURE Act inherited IRAs from those who passed after December 31, 2019 are no longer allowed to stretch the withdrawals over their life expectancy.
