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...
Roth individual retirement accounts offer the enticing benefits of tax-free growth and the ability to make withdrawals during retirement when certain conditions are met.1 But prior to this year, there was an income restriction on who could convert...
A new survey from Boston Consulting Group suggests that although women’s share of global wealth is growing, the service they get from financial advisors is not equal to that offered to men.
Double-dipping doesn’t just refer to the threat of a new recession this year. Fidelity Investments says the number of loans and hardship withdrawals from 401(k)s is on the rise.
In the view of some who follow the philanthropy business, financial advisors could have one of two reactions to the announcement by Warren Buffett and Bill Gates that they have rounded up 40 billionaires who have agreed to give away most of their...
It’s not surprising that most clients who are eligible to collect Social Security retirement benefits are interested in initiating the income stream as soon as possible (even if doing so is an admittance that they are officially “old”). But if...
