Does Your 401K Or IRA Need To Be Rescued

Because of the accumulation benefits of tax deferral, many individuals have successfully created substantial IRA or 401K accounts or other qualified plans.   It is not uncommon for these accounts to have amassed seven figures of total dollars. It is also usually the case that little attention has been focused on what will happen to [...]

By |2020-04-14T18:18:20+00:00October 7th, 2019|Taxes|

Three Reasons 401(k)s May Not Be Suitable For Some Investors

There was a time in the not-so-distant past when the "theory of decreasing responsibility" was a viable way of determining how to plan one's retirement. This theory, which formed the nucleus of retirement planning for decades, held that as people get older, their financial responsibilities will decrease. For example, the mortgage will typically be paid [...]

By |2020-04-15T21:15:52+00:00September 10th, 2019|401(k) Rollovers|

Avoiding Probate: A How To Guide

If you own bank accounts and want to reduce your exposure to probate with these assets the “payable on death” (POD) option may help you. This option offers an easy method to keep bank account out of probate court. All that is required is a form which most banks can supply naming whomever you want to inherit the money in your account at your death.

By |2020-04-13T18:55:57+00:00September 5th, 2019|Estate Planning|

Is It time For Your Company’s 401(k) Plan’s Annual Checkup?

Every night on the nightly news, it seems there is bad news about retirement plans, especially 401(k)s. The US Department of Labor has established new rules about the fees, disclosures, and management of these top-rated retirement products. More regulations were expected in May of 2016, which would have outlined the role of a financial advisor [...]

By |2020-04-15T21:18:24+00:00September 5th, 2019|401(k) Rollovers|

A New Idea That Has Been With Us For Over 200 Years

“Only money left over after paying taxes can be spent. For the average person in the U.S., 34.5% of that sum goes to pay interest alone, to finance car purchases, homes, and various other purchases. This money is gone forever. It is making persons in the banking business wealthy. It can be yours to enrich [...]

By |2020-04-13T18:01:27+00:00August 14th, 2019|Insurance|

Make Sure You Have Named A Beneficary On Your Annuity Contracts

Stop! Drop what you're doing and check your beneficiaries!   If you have a testamentary trust, it might be a smart move not to name the trust as a beneficiary of certain assets such as annuities, life insurance, bank accounts, a brokerage account or a qualified retirement account. Please check your policies and if you [...]

By |2020-04-12T23:40:28+00:00August 9th, 2019|Estate Planning|