IRA Required Minimum Distributions and Charity

You may have heard that, upon reaching 70½ years of age, we are required to begin withdrawing portions of our traditional IRAs on an annual basis. These Required Minimum Distributions (“RMDs”) are distributed regardless of whether the plan owner actually needs the money to supplement other income sources. These RMDs are always reported via tax [...]

2017-03-30T15:08:46+00:00 March 30th, 2017|IRA|0 Comments

“Purposeless” Life Insurance Is Valuable

Oftentimes, the original purpose of a life insurance policy no longer seems relevant. The purchase may have been to ensure your children can go to college even if you die. Alternatively, it may have been to replace your salary if you died early but now you are retired and no longer receive a salary. The [...]

2017-03-21T11:04:33+00:00 March 21st, 2017|Current Affairs|0 Comments

3 Reasons You Want to Avoid Probate

When you pass away, your family may need to visit a probate court in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) solely in your individual name. Although having a will is a good basic form of planning, a will [...]

2017-03-01T14:15:55+00:00 March 1st, 2017|Preventing Estate Challenges|0 Comments