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We’re hearing more about fixed indexed annuities with these volatile financial markets. Is it time to reconsider? Plus, clarification on required minimum distributions being waived for non-spouse IRA beneficiaries in 2021 and 2022, taxation on trusts, and suggestions for a 40-year-old considering an early mini-retirement. Also, can a 62-year-old immediately withdraw Roth conversion money? Finally, a strategy to claim Social Security early while working and invest the difference in a Roth, and Joe and Big Al attempt to explain family Social Security benefits without phoning it in.
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Heaven forbid that something happened to you. Would the things you worked for all of your life be protected? There are tools and strategies you can use to ensure your money, assets, and possessions pass on after you are gone, but few people are using them. In this episode of Your Money Your Wealth, Joe […]
Should a trust be the beneficiary of your retirement accounts? Are withdrawal restrictions and required minimum distributions (RMD) good reasons to transfer out of the thrift savings plan (TSP) at retirement? How do you handle the stock acquisition of a company held in your retirement account? Plus, alternative minimum tax (AMT) explained, and strategies for health savings account (HSA) contributions and restricted stock units (RSU).
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Are you protecting your life legacy and keeping the money in your family? You’ve spent your adulthood building your nest egg and accumulating homes, cars, jewelry, and other things that you value. What happens to those assets if you pass away? Without an estate plan, you are leaving all that you have accumulated vulnerable to […]
Those of you who are considering planning for your estate may wonder how much to budget for the cost of assorted services including but not limited to drafting related documents. Tasks with Little or No Associated Costs Although many of the estate planning tasks you engage in will have associated fees, it is important to […]
Thinking about the end of your life is no fun for anyone, but at some point, everyone will need to plan for this time. The best way to ensure that your wishes are followed and your family is taken care of after your death is to establish an estate plan. Two of the most common […]
Putting an estate plan in place can be very confusing for many people. Financial expert Joe Anderson and Estate Planning Attorney Nicole Newman discuss the difference between wills and trusts. Subscribe to YouTube Channel
Nate Ritchison, CFP®, explains the difference between a will and a trust to help you decide which is better for your estate plan. Transcription: “What’s the difference between a will and a trust? Hi, I’m Nate Ritchison, CERTIFIED FINANCIAL PLANNER™ with Pure Financial Advisors, and this is Question of the Week. This week’s question is: what […]
In this Question of the Week, Matt Balderston, CFP® explains what a revocable living trust is. It is a legal document that allows you to transfer title of your assets to your heirs after you’ve passed away. Transcription: “Hi, I’m Matt Balderston, CERTIFIED FINANCIAL PLANNER™ with Pure Financial Advisors, and this is the Question of […]
If you have appreciated property that you’d like to sell (like real estate or a highly appreciated stock) but you don’t want to sell because of the large tax liability, this strategy is for you. A charitable remainder trust is an irrevocable tax-exempt trust designed to lower the taxable income of individuals by first dispersing […]
