by Christine | Oct 20, 2011 | Estate Planning, Retirement Planning, Tax Planning |
To follow in [Reverend Crummey’s] footsteps, set up a trust and have it buy a life insurance policy on your life. Someday when you die, the trust will receive the insurance proceeds and pay them out to the beneficiaries listed in your trust. When you’re looking to...
by Christine | Oct 12, 2011 | Estate Planning, Retirement Planning, Tax Planning |
Many people want to use part of their estate to help charities they believe in—leaving a legacy of helping out the less fortunate, nurturing the arts or supporting other important causes. Giving to charity over your lifetime can be powerful. Not only can you make an...
by Christine | Oct 11, 2011 | Estate Planning, Retirement Planning, Tax Planning |
The Center on Philanthropy at Indiana University launched a free searchable database… the Million Dollar List, that captures 61,461 publicly-announced charitable gifts of $1 million or more made since 2000. In addition to a spirit of charity, information about the...
by Christine | Sep 29, 2011 | Estate Planning, Retirement Planning, Tax Planning |
How does a retiree replace the interest income from a certificate of deposit paying more than 5% when the rate on a new CD is 1.3%? One solution: Donating the principal to a nonprofit in the form of a "charitable gift annuity" in exchange for lifetime fixed...
by Christine | Sep 1, 2011 | Estate Planning, Retirement Planning, Tax Planning |
Inheriting something is not the same as knowing what to do with it, and that may be especially true with retirement accounts. As a bit of guidance I found a recent article from Forbes offering seven steps to take if you have recently received an inheritance, or if you...
by Christine | Aug 17, 2011 | Estate Planning, Retirement Planning |
If there’s any lesson to be learned from the recent debacle in Washington, D.C., it’s this: Don’t run your personal finances the way the U.S. government does. “Don’t live beyond your means, and don’t increase your debt levels, especially when heading into retirement,”...
