The financial crisis has been cited as one of the reasons why Americans are so unready for retirement. But, let's face it. The retirement crisis began well before the lost decade supposedly upset the Baby Boom generation's grand retirement plans.
Many of your retiring clients have two primary looming fears about the coming years: either they’ll outlive their money, or spend too little and die before they can enjoy their money...
Should your empty nester clients get life insurance? Perhaps--if they have a lot of personal and/or business liabilities or concerns about estate taxes.
You own individual retirement account and non-IRA assets. You want a certain amount of your estate to pass to charity, and you want the charitable gift to be as tax efficient as possible to maximize the balance that will pass to your children (or...
Four recent court decisions shed some new light on certain situations clients may encounter in dealing with creditors' claims on individual retirement accounts and employer sponsored tax-qualified retirement benefits. Three of those were...
Beginning in 2010, individuals are allowed to convert or roll over certain distributions from retirement plans and IRAs to Roth IRAs regardless of their modified adjusted gross income. Complex rules apply. Here are some key points about how the...
As Thomas C. Foster points out in his companion piece to this article (see p. 54), the law governing the protection of inherited individual retirement accounts from creditors is uncertain at best. The statutes and court interpretations vary from...
