Here’s a video courtesy of Putnam Investments that shows how even the rich and famous can make mistakes planning for their estates. How Can Planning Transitions Help You With Your Estate-Planning?
Proceed with caution following an inherited IRA
A recent Supreme Court decision may allow creditors to access an inherited IRA to satisfy debt in the event of bankruptcy. In the case of Clark v. Rameker, the Supreme Court unanimously decided against the Heidi Heffron-Clark and Brandon C. Clark, finding that an IRA that Mrs. Clark inherited from her mother in 2000 was not eligible for protection from …
The Secret FAQs Behind Social Security
Q: Does Social Security base the amount of my retirement benefit on my highest five years of earnings? A: No. The program applies an “average wage index” to all your working years up to two years before benefit eligibility, then averages your income from your 35 highest-earning years. If you worked less than 35 years, Social Security includes those zero-income …
A Retirement Plan is Much More Than Funding the Right Investment
Most retirees’ goals are to enjoy retirement, with such methods as travel, entertainment, and spending time with the children and grandchildren. This is what retirees want, rather than worrying about having enough money available for home healthcare or assisted living if needed, without the fear of running out of money, losing a majority over night in the stock market, or …