Estate and Trust are the two main legal structures for transferring assets to your heirs and beneficiaries. Each works in different critical ways. Estates make a single transfer of...
Posted by Taxes Made EZ Inc on 12/27/2021
What is a TSP (Thrift Savings Plan)?A TSP is a type of pension investment program open only to federal employees and uniformed military personnel, including Ready Reserve. It is a...
Posted by James Financial Services Inc on 12/27/2021
You have worked hard for your wealth. You want these assets and values to be communicated to the people and organizations that are dear to you. Wealth preservation planning is the...
Posted by The TaxAdvocate Group, LLC on 11/04/2021
Very few Americans, less than 35%, are aware of 529 college plans. Of this meager number of people, about 25% use the plans for higher education. Users might link tax-deferred savings...
Posted by Abundant Wealth Planning LLC on 10/24/2021
Writing a will is stressful, but it's never a bad time to start estate planning. Whether motivated by age, circumstances, or sometimes guilt, estate planning is a necessary step...
Posted by Income Taxes and Bookkeeping LLC on 10/19/2021
Maximizing your SS (Social Security) benefits is one way to increase your retirement paycheck. Unlike investment, annuity, or retirement portfolios, Social Security is the only retirement...
Posted by Unifirst Financial & Tax Consultants on 10/18/2021
You open an individual retirement account known as an inherited IRA on inheriting a tax-advantaged retirement plan like an IRA or 401(k). The heir needs to transfer such assets from...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/24/2021
For people worried about retirement payment, it is essential to examine the pros and cons of an annuity.An annuity is a type of insurance that gives payment. There is a payment that...
Posted by KLSM CPA Firm PLLC on 07/24/2021
The loss of a loved one can lead to emotional burden and significant financial debt related to the settling of the estate. If you are the beneficiary of a retirement plan's assets,...
Posted by Karen Munoz, EA on 07/17/2021
