As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
NOTE: The Social Security Fairness Act was signed into law on January 5, 2025. As a result, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed. This article reflects information prior to the repeal and may no longer be applicable. If you will be subject to the Windfall Elimination Provision … Read more
While inflation has been cooling, the higher prices of essentials are still weighing on household budgets after years of sticky inflation, and other economic hurdles and uncertainties are also looming, adding to the financial struggles people are facing right now. And, when you factor in the recent stock market downturns, which have been making even … Read more
Ever dreamed of waking up each morning knowing your investments are working for you – not the other way around? Living off your stock portfolio is the ultimate financial freedom goal for many investors. But the big question remains: exactly how much do you need to make this dream a reality? I’ve spent years researching … Read more
Have you ever dreamed of paying zero taxes on your retirement withdrawals? Well that dream can become reality with Roth IRAs – but only if you know the rules. As someone who’s spent countless hours researching retirement options for my clients I’ve seen firsthand how understanding “qualified distributions” can save you thousands in retirement. Today, … Read more
When someone dies, the difficult process by which financial institutions allow the deceased person’s funds to be released has long been cause for complaint. Before distributing money in a deceased person’s account, financial institutions generally require executors to obtain a Grant of Probate, which is a legal document confirming that the executor has the authority … Read more
There is no limit to the number of individual retirement accounts (IRAs) that you can establish. But youll still be subject to your annual maximum contribution limits, so you cannot simply max out each account that you have. In other words, if you have two IRA accounts, you can contribute the maximum amount between the … Read more
You can have as many IRAs as you want, but there is still a limit on how much you can contribute to all of them. 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 … Read more
If you are a beneficiary of a loved ones 401(k), there are certain rules and tax implications you should know that can vary based on your relationship to the deceased, your age and other factors. Have you ever worried about what happens to your hard-earned 401k savings after you’re gone? Or maybe you’re on the … Read more
Solicitors executors costs can often be confusing, especially when dealing with the administrative complexities of the probate process. These costs encompass various aspects related to the executor’s role, which includes managing and settling the estate, appraising assets, paying debts, and distributing assets as per the deceased’s wishes. Here’s a brief overview of what you need … Read more