As icky as it can be to think about your own death, estate planning attorneys will tell you that it’s imperative to protect your family
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Check This Checklist and See What You Need to Do for Your Estate Plan
People tend to put off estate planning. As a result, they risk dying without leaving their financial affairs in order and handing their heirs a
Divorce After Age 50 and the Impact on Retirement Plans
There’s an increasing number of older adults who must address this issue. The divorce rate among U.S. adults 50 and older doubled between 1990 and
Following the Rules in IRA Contributions
If you have money in a stock account or in retirement accounts, you may want to use the stock account to add money to your
Does Your Estate Plan Include “The Big Three”?
NJ 101.5 recently posted an article, “Here are the important estate planning documents you should have.” It explains that there are generally a “Big Three”
The Tax Consequences of Life Insurance Death Benefits
Forbes’ recent article, “Are Life Insurance Proceeds Subject to Taxes?” says that your beneficiary typically won’t be required to pay income tax on death benefits.
The Rules for 401(k)s When You Die
Federal law is pretty clear cut regarding what happens to company retirement plan assets if a married participant dies on the job. In that scenario,
When are Required Minimum Distributions Required?
“Some workers may be too old to contribute to a traditional IRA.” Kiplinger’s recent article, “Tax-Smart Ways to Save When You’re Too Old for a
Get Rockin’ on a Solid Estate Plan
It seems pretty natural that people postpone planning their estates. After all, who wants to anticipate or dwell on his or her own demise? What’s
Don’t Leave a Bundle to Your Ex
Do you want your ex-spouse to inherit any part of your estate? It could happen if you initially signed up for a retirement plan or
Stock Gifts to Grandkids: Does it Make Sense?
What if you are the owner of two blue chip stocks worth $100,000 and have owned these for more than 30 years, paying taxes on
Do I Take My Chances with a Tax Audit?
“In 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will
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