Since the IRS put Ruling 2023-2 into effect last spring, many people are wondering about the usefulness of irrevocable trusts. When set up correctly, irrevocable trusts can be very useful in the preservation and distributing of wealth. Because an...
The closer you get to retirement age the less likely you’ll be able to tolerate losses that can come with high-risk investing. Reevaluating your investment strategy when nearing retirement is crucial to protect the nest egg you’ve built, but there are no...
Buying and selling homes is about to get interesting and a lot more affordable. Beginning this summer, no longer will buyers and sellers split the standard 6 percent commission. Instead, agent commissions will be negotiable allowing buyers and sellers to shop for the...
Roth IRA conversions may potentially cut your tax bill in retirement but, depending on your age, may not be right for you. Converting to a Roth IRA will result in a tax bill for that year so if you are currently receiving social security benefits or are less than five...
Choosing an investment manager to become a partner in your financial future is a decision that should not be taken lightly. Personality should come into play because this individual could be in your life for years to come, but it won’t matter how much you like him or...
It’s not uncommon for someone to want to retire yet still work. After spending 20 or 30 years in the corporate world, buying a job can be a great way to transition from being a W2 employee to a small business owner. Buying an existing business, whether...
