✪ “What Should I Do Now?” A Conversation with a recent widow
Rick, I’m overwhelmed. There’s just… so much to think about, and I don’t know where to start. What should I be doing right now?
🗣Money talks: Balancing fit and finances
“How will I be able to pay back these loans after graduation” doesn’t come up often enough when having a family conversation around the cost of college.
Protecting your retirement plan: Why I no longer ride rollercoasters
Tips for Giving to A Legitimate Charity
It is best to donate using a credit card or check. When donating online, check that the webpage where you enter your payment information has “https” in the web address – this encrypts your information. Never pay with wire transfers, gift cards or cryptocurrency.
✪ Financial Turmoil: Steps to Take Now
Inheritance tax bomb: Leaving a large IRA to adult children
When you are filling out an application for a IRA or signing up for your employer’s 401(k), one of the most important sections is completing the beneficiary section. If you are married, it is common to list your spouse as your primary beneficiary. And, if you have children, most of us list our kids as contingent beneficiaries. However, if you are approaching retirement and your children are working young adults, leaving your pre-tax retirement accounts to them might create an inheritance tax bomb.