What Can I Do Instead of a Stretch IRA?
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
March 25, 2022
Must I Sell My Parent’s Home if They Move to a Nursing Facility?
Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
March 21, 2022
What are the Signs of Elder Abuse?
In the wake of the coronavirus pandemic, many older adults are more socially isolated than ever — and thus more vulnerable to being financially victimized.
March 21, 2022
Taking Care of Dying Parent’s Financial Affairs Can Be Challenging
Dealing with a sick family member is a challenging and emotional time.
March 21, 2022
Can I Split My Inheritance with My Sibling?
In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.
March 21, 2022
Can I Add Children’s Names to my House Deed?
It’s true that if your child is on your deed as a joint tenant on your home, your home will not have to go through probate if your child survives you. At your death, your surviving child would immediately become the sole owner of your home without probate and with minimal transfer costs.
March 21, 2022
What Does a Good Hospital Discharge Plan Look Like for My Dad?
Standing up to a health care professional can be daunting, especially if you’re worried about a premature discharge from a hospital.
March 16, 2022
What’s the Limit for Earning with Social Security?
Knowing when to retire and when to begin claiming benefits comes down to understanding yourself — and your finances.
March 14, 2022
Is Life insurance a Good Idea?
According to the U.S. Department of Agriculture, a middle class family raising a child to adulthood will spend over $233,000 on that child between the ages of 0 to 18. That doesn’t even factor in the cost of college education, which can be thousands of dollars more per year once a child reaches adulthood.
March 14, 2022
When Can Estate Assets Be Distributed?
Many estate executors focus on estate taxes and forget about income taxes. That can be an expensive mistake.
March 14, 2022
