Are you and your spouse planning for retirement and wondering if you both can have your own Roth IRAs? The short answer is YES – a married couple can absolutely have two separate Roth IRAs. But there are some important rules, limitations, and strategies you should understand to maximize your retirement savings. As a financial … Read more
If youve left a previous job and decided what to do with the money in your former employers retirement plan, take a moment to feel proud. There are many complex factors to consider so giving the decision time and consideration is important. If youre still on the fence about what to do with your old … Read more
Dreaming about ditching the 9-5 grind decades before your peers? You’re not alone! Early retirement at 45 is becoming the holy grail for many Brits who fancy swapping spreadsheets for spreadsheets. of their travel itineraries! But let’s get real – retiring 20+ years before the State Pension kicks in requires some serious financial planning and … Read more
If you are about to turn 70, congratulations on reaching a big milestone. And if you also have delayed claiming Social Security retirement benefits up till now, you are joining a select group — only 6.5 percent of Social Security recipients put off collecting their benefits until they reach three score and ten, the age … Read more
Estate fiduciaries, such as executors and administrators, wield tremendous power. They are entrusted with managing the estate (money and other assets) of a person who passed away—the decedent. Fiduciaries are then tasked with distributing the estate to the people entitled—the beneficiaries. Sometimes the job doesn’t get done properly, whether because of intentional or accidental misconduct. … Read more
It’s possible to have an IRA savings-type account, an IRA investment-type account or both. Here are the benefits of each. Let’s face it – we all want our retirement savings to be safe as houses But when it comes to Individual Retirement Accounts (IRAs), many folks wonder is there actually risk involved? The short answer … Read more
Are you standing at the crossroads of retirement planning wondering if patience will literally pay off when it comes to your Social Security benefits? You’re not alone! This question keeps many soon-to-be retirees up at night do I get more Social Security if I wait until age 70? The short answer is yes, you absolutely … Read more
Do you have an annuity? Is this a financial tool you created for your own future but is something that was ultimately moved out of your possession/estate and into the management of a trust? An insurance company plays a crucial role in managing annuities, especially when they are owned by a trust. Read on to … Read more
You may have a chance to increase your Social Security Disability Insurance (SSDI) benefits by submitting a request to the Social Security Administration (SSA). However, the SSA will only increase your benefits in specific situations, generally if you’ve had a major change in your life. Life circumstances can change unexpectedly, and if your situation changes, … Read more
Dealing with a loved one’s estate after they’ve passed away can be emotionally draining. Add to that the complex legal process of probate, and it’s easy to feel overwhelmed. If you’re wondering about probate duration in 2021, you’re not alone. Most people want this process over quickly, but unfortunately, probate often takes longer than expected. … Read more
