As you approach retirement, it’s essential to understand how required minimum distributions (RMDs) can influence your financial landscape. Recent changes in legislation have adjusted the age for mandatory RMDs from retirement accounts…
Tag: inheritance
Are Your Assets Safe? Discover the Power of Revocable Trusts
A revocable trust, often called a living trust, is a versatile legal arrangement designed to manage and distribute assets during a person’s lifetime and after their passing. Once created, a revocable trust…
Are You Falling Into A Hidden Tax Trap By Delaying RMDs?
Congress has recently expanded a tax trap that affects individuals with traditional IRA and 401(k) accounts by enacting the SECURE Act 2.0 in December 2022. This law has pushed back the age…
Avoid the Drama, Spill the Tea on Your Will
When you decide to leave items to different people, inevitably someone feelings get hurt. After you are gone there is no way to fix it. The damage it can cause could be irreplaceable ad your heirs might not talk to each other. The best way to resolve these issues is to communicate with your love ones. Tell them why you are leaving so and so the beach house, etc. This will save them a lot of heart break in the end and help them understand your logic.
How should you divided your assets?
