Are You Behind or Ahead in Your Financial Journey? Let’s be honest – turning 40 hits different. You’re likely juggling career demands, family responsibilities, and maybe even caring for aging parents. With all that going on, it’s no wonder if retirement savings has taken a backseat. But here’s the uncomfortable truth your 40s are critical … Read more
I hear the term “generational wealth” from time to time, and I have even written about just how difficult it is to maintain wealth in a family long-term. Yet I hear this frequently listed as a goal (not a SMART goal, but a goal nonetheless). The gist of it comes from ideas like this quote … Read more
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
Receiving an inheritance can be exciting, but there are tax implications when you inherit money or property. Whether your inheritance is taxed depends on the amount youre inheriting and the state you live in. If you recently received an inheritance, heres what you need to know about inheritance tax and what you can do to … Read more
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
Ever wondered what happens to everything you own after you’re gone? It’s not the most cheerful topic but it’s super important to understand who gets what when someone passes away. Whether you’ve got a house savings, or family heirlooms, knowing how inheritance works can save your loved ones from headaches and heartaches down the road. … Read more
Are you worried about getting double-taxed on your backdoor Roth conversion? You’re not alone. As someone who’s helped countless clients navigate this retirement strategy, I’ve seen this question pop up over and over. Let’s clear the confusion once and for all. What Is a Backdoor Roth IRA Anyway? Before diving into the tax implications, let’s … Read more
If you’ve had a few jobs over the years (or more than a few), you probably have several different retirement accounts too. If so, it may be in your best interest to combine your accounts into one. Here’s why. Ever find yourself drowning in a sea of retirement paperwork? You’re not alone. As we hop … Read more
Generational wealth may conjure up s of railroad titans from the late 1800s, or today’s tech billionaires. However, generational wealth is valuable — and accessible — to a far greater number of people than you might think — including you! We’re here to help you understand generational wealth, why it’s beneficial, and how to start … Read more
Have you ever wondered who actually owns the house when it’s placed in a trust? If you’re considering setting up a trust or are already managing one this question is probably at the top of your mind. The answer isn’t as straightforward as you might think but I’ll break it down in simple terms. The … Read more
