You have a once-in-a-lifetime decision to maximize guaranteed, inflation-adjusted lifetime income. Many people miss significant opportunities to increase their financial security. The problem is especially acute among married couples.
Bob Carlson
Taxes no longer are the main focus of estate planning, and they really never should have been. The broad goals of an estate plan should be to avoid chaos and discord among beneficiaries; to avoid or minimize probate; to protect assets from mismanagement by the children; and to protect assets from creditors and others.
The best advice for a surviving spouse is not to make financial decisions in a hurry. Within the first year, however, decisions must be made in at least for key areas
Misinformation and myths dominate financial and retirement planning. How many of these myths have crept into your planning and are diminishing your wealth?
Taxes will take a bit bite out of your nest egg. You can diminish that bite and make your retirement funds last longer by following a few simple rules for stretching out your nest egg.
Change happens all the time and affects your plan. Even events far removed from your family trigger a need to revise your plan.
Most people focus on the income tax benefits of Roth IRAs. Those with a longer-term view might find substantial estate planning benefits for them and their loved ones from converting a traditional IRA to a Roth IRA.
What’s the likelihood you’ll need long-term care at some point during your life? How will you pay for it? Let’s debunk some myths about and then take a rational look at long-term care and how to pay for it.
The Fed announced it will keep short-term interest rates near zero through late 2014. Is there anything you can do to safely increase the income on your cash balances?
This is the year to review your IRA and consider changing your distribution strategies. Because of major changes that could be on the way, this could be the year for major and unconventional moves
