I am concerned about the SECURE and RESA acts currently being considered in Congress. If either of them passes, my children will lose the inherited stretch IRA ability and face a much higher tax bill upon my demise.
Contemplation of retirement can be both exciting and intimidating. Obviously, planning for the beginning of retirement should start early.
When Congress returns from recess, it will have a slew of proposals to consider, including some that could have a big impact on your retirement.
If you think Estate Planning is simply the creation of a will or trust, you are missing a large portion of information, and could potentially have assets that do not flow according to the plan you have set up in your will or trust.
You’ve invested in a 401(k), made contributions for decades and finally are ready to withdraw–or take distributions, in retirement-plan speak. However, you now have to pay taxes on what you take out, effectively reducing your nest egg. What to do? Here are several ways to minimize taxes on withdrawals.
Short careers and big paychecks can lead to big problems, if you’re not careful. Most people work to avoid financial stress during retirement. Paying attention