A Health Savings Account Can Improve Financial Outlook
February 18, 2021
Open an HSA in minutes to help you save on taxes, cover medical expenses and grow your retirement nest egg.
What If a Sole Beneficiary Wants to Share?
September 30, 2020
An Uncle (or grandparent, sibling, or parent) died, leaving his IRA to one named niece (or grandchild, sibling, or child). However, everyone, including the named beneficiary, agrees–the decedent should have named all members of the class as equal beneficiaries. After all, he left all his other assets equally to all the class members. He surely meant for all of them to share the IRA equally too, right? Can’t we just ignore this mistake and pay out the IRA to everybody?
Do I Have to Accept an Inheritance?
September 29, 2020
No one has to accept inherited assets. Inherited assets can be disclaimed.
Should I Take the Early Retirement Package Offered at My Job?
September 22, 2020
The COVID-19 pandemic, which has kept many workers home, was a kind of test drive for retirement. You learned what it’s like to stay out of the office for long periods of time. However, many companies are hurting because of the economic turmoil from the coronavirus, and if you’re 50 and older, and your employer needs to cut costs, they may be looking at cutting you from the payroll.
How Do I Keep My Spendthrift Son-in-Law from Getting the Money I Give my Daughter in My Estate?
September 16, 2020
My daughter, my only child, recently married a nice man. However, he is not responsible with his finances. I don’t want my son-in-law to have any access to her money or through a divorce via equitable distribution.
Some States are Lowering Taxes to Entice Retires to Relocate
July 14, 2020
Maryland is known as the Free State, reflecting its tradition of political freedom and religious tolerance, along with its resistance to Prohibition. Talk to retirees, though, and they’ll tell you the nickname is a misnomer, at least as far as taxes are concerned.