by Christine | Jan 7, 2014 | Beneficiary Designation, Estate Planning, Individual Retirement Accounts (IRA) |
If your beneficiary designations are out-of-date, when you die, your assets could go [to] the wrong people – a former spouse, for example – no matter what your will says. Often, the biggest mistakes we can make when it comes to our estate planning are also...
by Christine | Sep 3, 2013 | Elder Law, Estate Law, Estate Planning, Individual Retirement Accounts (IRA), Retirement, Roth IRA |
Use this versatile account to get tax-free income and a whole lot more. If you are used to a traditional IRA, the Roth IRA may seem peculiar at first when it comes to retirement accounts. So here’s a brief refresher on all the perks of the esteemed Roth IRA. A recent...
by Christine | Aug 5, 2013 | Beneficiary, Estates, Individual Retirement Accounts (IRA), Probate, Wills |
The only time your Will would control who gets your IRA is if your estate is the beneficiary. Generally, it’s not a good idea to name your estate as the beneficiary of your IRA. Even though you made sure to prepare your Last Will and Testament, it is not always the...
by Christine | Jun 26, 2013 | Estate Planning, Individual Retirement Accounts (IRA), Investments, Retirement Planning |
If you want to use your IRA to buy real estate, you need to understand what you can and can’t do. Did you know that IRAs can be used to own other types of assets, such as investment property? Most taxpayers don’t know about some great tax advantages gained with IRAs...
by Christine | May 23, 2013 | Estate Law, Individual Retirement Accounts (IRA), Inheritance, IRA Rollover |
John and Sue were both 75 years old last year. They both took their RMDs for the year. John died early in December. Sue was his beneficiary. She rolled his IRA into her own IRA in January. The question was – “What is Sue’s RMD for this year?" The different ways...
by Christine | May 15, 2013 | Charitable Giving, Individual Retirement Accounts (IRA) |
Tax-free transfers are limited to those over age 70½ mainly to contain the drain on the federal budget. One thing you should never forget about your IRA – even though you make contributions with pre-tax dollars, and once inside these accounts your money grows...
