CFP® Professional Katelyn Murray breaks down which financial accounts are the best for inheritances… and which types aren’t. When it comes to financial planning for federal government employees and retirees, considering the types of accounts to inherit is a crucial aspect often overlooked. The impact of inheriting certain accounts can significantly affect the financial wellbeing … Read more
Are you struggling to understand tax terms that seem like they’re written in another language? You’re not alone! Today, I’m going to break down one of those confusing tax concepts that can actually save you money: for AGI deductions. As someone who’s spent countless hours trying to maximize tax savings for both myself and our … Read more
Your home is probably the most valuable asset you own, so its important that you have a say over what happens to it when you die. Heres everything you need to know about including property in your will. Buying a home is a huge financial commitment. Most people in the UK take between 25 and … Read more
Alright, fellow feds! Let me spill the beans on the million-dollar question that’s probably keeping you up at night as you approach your golden years – when exactly should you hang up your federal employee hat? As a financial advisor who’s helped hundreds of federal employees transition to retirement, I can tell you that timing … Read more
Roth IRAs dont offer a fixed interest rate — instead, the return depends on the investments you choose in the account. 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 … Read more
When you’re dealing with the loss of a loved one, the last thing you want to worry about is taxes. But if you’ve received a lump sum death benefit, understanding the tax implications is crucial for your financial planning. I’ve helped many clients navigate this confusing terrain, and I’m here to break it down in … Read more
From its beginnings in the days of President Franklin Roosevelt, Social Security has held fast that spouses and ex-spouses have a claiming right to retirement benefits. And, if you are among the tens of millions who are divorced as you near retirement, it pays to know how Social Security can provide a source of guaranteed … Read more
The dream of retiring comfortably has just become a bit less expensive for most Americans, a recent study shows. Do you have enough socked away? When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. For many people, retiring with enough cash to live comfortably seems like … Read more
Theres an old saying which says that the best time to invest was yesterday, and the second best time is now. And that couldnt be more true! Ever looked at your child and wondered how to set them up for financial success? You’re not alone. As a parent, I’ve spent countless hours researching how my … Read more
If you are an estate executor, is it necessary to file for probate when the estate owner dies? Learn more about the process of filing for probate here. When a loved one passes away, there are many tasks and responsibilities that need to be executed. Some examples include notifying others of the death, coordinating funeral … Read more
