Consider the benefits of investing in a Roth IRA, even if you are nearing retirement Part of the Series What 50-Year-Olds Need To Know About Roth IRAs. A Roth IRA is a type of individual retirement account (IRA); contributions to one are made with after-tax dollars, and investment growth is tax-free. Since contributions are made … Read more
There has been a lot of talk about annuities and whether they are a good investment for years, and it doesn’t look like it will end any time soon. But instead of rehashing the usual arguments, lets look at it from a different perspective. If you are planning for retirement and want to find the … Read more
Estate fiduciaries, such as executors and administrators, wield tremendous power. They are entrusted with managing the estate (money and other assets) of a person who passed away—the decedent. Fiduciaries are then tasked with distributing the estate to the people entitled—the beneficiaries. Sometimes the job doesn’t get done properly, whether because of intentional or accidental misconduct. … Read more
Discover the steps involved in closing probate and ensuring a final distribution of assets. Read on for tips on how to navigate the process smoothly and efficiently. Probate is an important legal process that administers an estate of an individual who passed away. It has several important steps that must be taken before it can … Read more
You might like to save for retirement in a Roth account, but you make too much money to put money into a Roth IRA directly. And maybe you dont have access to a Roth 401(k) plan at work. In that case, you may want to learn more about the strategy called a backdoor Roth IRA. … Read more
Wondering if you can still use that sneaky backdoor to get money into a Roth IRA even when you make too much? Good news – the backdoor is wide open in 2025! There have been rumors for years that the Backdoor Roth IRA would be shut down, but it is still a legal way for … Read more
Verlan Kwan, partner at Keystone Law Group, summarizes five things you should know about an executor overriding a beneficiary. Read the complete article below for more details. Click the YouTube subscribe button to be notified when new videos are posted. An executor can override a beneficiary when they are acting in accordance with state statutes, … Read more
When contributing or taking a distribution from a 401(k), you might ask yourself âwhat are the taxes on my 401(k)s?â. Find out when a tax is charged on 401(k)s. 3 min read. A 401(k) is a tax-deferred account, and employees are not required to pay income taxes on their contributions. You will still be required … Read more
The SSI and SSDI disability programs offer benefits for disabled or blind people. However, the financial eligibility requirements are different. The main difference between Social Security Disability (SSDI) and Supplemental Security Income (SSI) is the fact that SSDI is available to workers who have accumulated a sufficient number of work credits. People from low-income families … Read more
Are you having trouble figuring out how much money you’ll need for your golden years? You’re not the only one. I’ve been through this difficult process of figuring out my retirement needs before, and let me tell you, it doesn’t have to feel like solving a difficult math problem. In this article, I’m gonna break … Read more