An inheritance tax is a levy potentially paid by the recipient of assets inherited from a deceased individual. Just five states have an inheritance tax as of 2025. Inheriting a house can be bittersweet. While you’re gaining valuable property, you might be worried about the tax implications that come with it. Look, I get it … Read more
So you want to know if your spouse who doesn’t work can still save for retirement through a Roth IRA? The good news is that they can! They can build their retirement nest egg with something called a “spousal IRA.” “. As someone who has helped many couples save the most for retirement, I can … Read more
Social Security retirement benefits arent automatic. You can apply up to four months before you want them to start. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not … Read more
Ever wished that you wouldn’t have any debt when you got old? I’m sorry to burst your bubble, but the truth may surprise you. After years of researching how to fund retirement, I’ve learned some shocking facts about how much debt the average retiree actually has. Let’s talk about the tough truth about American retirement … Read more
It’s common for recently retired people to feel a bit…lost. When you’ve been working for decades and then suddenly stop that routine, it can be jarring. But the great thing about retirement is finally having time to do all those things you’ve always wanted. If you’re looking for things to do in retirement, rest assured … Read more
The Trust Dilemma: Essential Protection or Unnecessary Expense? Let’s face it – when it comes to estate planning, there’s a ton of confusion out there. I’ve spent countless hours researching trusts, and I’m gonna give it to you straight: some people absolutely need a trust, while others are wasting their money. Truth is, attorneys sometimes … Read more
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Insurance agents and financial advisors have been investing their clients’ retirement money in annuities for decades. This practice has its detractors, with the criticism usually focusing on the high commissions paid to annuity salespeople and stiff fees charged to annuity owners year after year. In fact, if you compare the costs of an annuity to … Read more
Should you really agree to give up control of your assets? There are some good reasons to get this type of trust, but there are some major drawbacks as well. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Despite what you may have heard, you … Read more
You don’t just say “I do” and live happily ever after when you get married. When two people get married, they don’t just join their hearts; they also join their wallets! As someone who has helped many newlyweds figure out their finances together, I can say from personal experience that marriage changes the way people … Read more