Estate planning can be difficult enough when planning for a wife and children, but when divorce and remarriage create a family where one or more spouses already have children, estate planning can go from difficult to confusing. However, by using a qualified terminable interest property (QTIP) trust, this difficult task becomes easier. QTIP Basics According…… Continue reading Estate Planning for Second Marriages and Blended Families
Planning for retirement is often a source of confusion and frustration. Knowing how to save money for the future, where to save it, and researching available retirement plans is a complex world full of concerns about taxes, penalties, rates of return, and limits. Although the best way to create a workable retirement plan is to…… Continue reading Retirement Savings Calculator Explained
To protect the money used in retirement, create a tax-smart retirement plan. The bottom line is what is really important in a retirement account. However, many people focus on the profits or losses over a short period of time and end up becoming stressed about their money. Instead of lamenting about the lack of…… Continue reading Important Strategies to Keep More Money in Your Retirement
The IRS is offering tax credits for retirement savings. With the typical American worker expected to spend anywhere from 20 to 30 years in retirement, there are many factors to consider regarding retirement savings. No one wants to be left without money for their retirement, but many people are unprepared or uninformed when it comes…… Continue reading Earning Tax Credits for Retirement
As we work through our adult lives, many of us set aside money for retirement. Retirement planning is a complex process with many hurdles to overcome. Part of that process is the concept of estate planning, or what will happen to our assets during our lives and after we die. Perhaps the goal is to…… Continue reading Fundamentals of Estate Planning
As workers across the country march toward retirement, many wonder if they have saved enough to live comfortably once they’re no longer earning a paycheck. People enter into retirement savings at many different ages. While most retirement planning experts agree that the earlier one starts, the more secure financial future they will have once they…… Continue reading Will You Have Enough to Retire?
When it comes to planning for retirement, there are many products to choose from. Consumers can select investing in mutual funds, the stock market, fixed annuities, and many others. Some of the most popular financial accounts include Individual Retirement Accounts or IRAs. There are two major types of IRA: the Roth IRA and the Traditional…… Continue reading Roth IRA vs. Traditional IRA