Mountain View, CA

The Secure Act and Secure 2.0 Act updated rules around RMDs. The IRS finalized its regulations for enforcing those rules, answering key questions for retirees and inherited IRA owners. Not knowing the rules could end being up very costly. These regulations answer some key questions about the newest RMD rules.

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

Nobody lives forever, but death isn’t the most pleasant topic. So it can feel all too easy to put off estate planning, putting you at risk of dying without a will or directions for your final arrangements. But even if you’re among the 1 in 3 Americans who have a will, your work isn’t done. It’s important to regularly revisit your documents and change your estate plan to reflect your current circumstances.

How to Change Your Estate Plan After Your Spouse Dies

Kiplinger

Liquidity and tax-free benefits can bring peace of mind to policyholders, and the healthier and younger you are when you get it, the better.

Benefits of Permanent Life Insurance in Your Estate Plan

SmartAsset

Understanding 401(k) non-spouse beneficiary rules is key for anyone planning their estate and retirement. When a non-spouse inherits a 401(k), the distribution options differ significantly from those available to a spouse. Non-spouse beneficiaries must follow specific guidelines regarding withdrawals, which can impact both taxes and the timeline for accessing the funds. Knowing these rules can […] The post 401(k) Beneficiary Rules for Non-Spouses appeared first on SmartReads by SmartAsset.

401(k) Beneficiary Rules for Non-Spouses

GOBankingRates

Having $1,000 might not seem like a lot to invest, but it can go quite a long way. And when you think about the fact that 28% of Americans have less than $1,000 in savings (according to a recent...

I’m a Financial Advisor: 6 Steps To Take If You Have $1,000 To Invest

FinanceBuzz

You can't always avoid taxes, but on these income sources, you won't pay as much as you expect.

Retirees Don't Have To Pay Taxes on These Kinds of Income

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

3 Little-Known Ways to Avoid Taxes on CDs

Kansas State

A farm's succession plan is complex. And with ever-changing laws and family dynamics, it can be hard to make sure everything gets taken care of in the process. Kansas attorney Jim Angell recently joined the Top Producer podcast to share four things you should consider for your operation's transition. 1....

4 Quick Succession Planning Tips With Attorney Jim Angell

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Being strategic with how you...

Here's Where You Should Pull Money From First in Retirement

Salem, OH

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Thousands of parents die of overdoses; advocates say their kids need more help

Retirement Daily

Ensure your beneficiary designations are up-to-date and tax-efficient with these expert tips.

Top 5 Tips for Managing Beneficiary Designations

About 40% of retirees must pay tax on their Social Security. Here's what you need to know. Did you know that about 40% of Social Security recipients pay some federal income tax on their benefits? If you're wondering if Social Security is taxable income for you, we've got you covered. In this short and easy-to-follow video, Certified Financial Planner® Matt Frankel explains how it works.

Will You Have to Pay Tax on Your 2024 Social Security Benefits?

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

A man has sparked heated debate online after deciding to take a solo trip for his 40th birthday, despite his girlfriend's financial struggles. The man, who has been dating his girlfriend for three months, shared his dilemma on a popular Reddit forum.

Boyfriend Taking Vacation Alone Since Girlfriend Can't Afford It Asks if He's in the Wrong

Don't let grief and financial anxieties hold you back.

A Widow's Journey to Financial Security

Jacksonville, FL

Jacksonville Today

A historic marker could be erected to honor the victims of the racist mass shooting at the Dollar General store in Jacksonville’s New Town neighborhood nearly a year ago. If approved by the Jacksonville City Council, a marker would be installed at Kings Road and Canal Street on Aug. 25, a day before the first anniversary of the shooting, when a white gunman took the lives of three Black people.

Memorial considered to honor Dollar General victims

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Total Apex Sports & Entertainment

The month of September could be somewhat of a challenge for three zodiac signs. Each of these signs will discover a secret that will affect their lives. Although the effects of these revelations may be minor, there is a chance they could be difficult. The stars are showing us that Aquarius, Capricorn, and Libra can expect something to be revealed to them this month. Let's talk about each of these signs and what they can expect.

3 Zodiac Signs Who Discover A Secret In September

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. Just when you thought your mooching relatives got the message to bug off and let you retire in peace, along comes your dreaded, drooling Uncle Sam, eyes fixed on that seven-digit stockpile it took decades to build.

Hitting the $1 million milestone in your 401(k) isn’t as great as you think it is – and it's all down to a ticking tax time bomb — how to keep more of your hard-earned retirement savings

Read more to learn how these legal tools can secure your pets’ future care.

Essential Estate Planning Tips for Pet Owners: Ensuring Your Pets’ Future

When an irrevocable trust no longer makes sense, you're not stuck with it. You can modernize it, but you must follow the rules and consider the consequences.

Can You Change an Irrevocable Trust? Yes, But Be Careful

Lawrence Township, NJ

Morristown Minute

A couple from Lawrence Township, New Jersey, admitted in federal court to conspiring to submit fraudulent asylum applications on behalf of non-citizen clients, according to U.S. Attorney Philip R. Sellinger.

NJ Couple Guilty of Submitting Fraudulent Asylum Applications

NewsBreak

How prepared are you? Let Attorney Anthony A. Nozzolillo, Esq. help you make sure your Estate Planning (Wills, Trusts, Testamentary Provisions) is in order

Life can come at you fast—from every different angle, every single day—and if you aren’t prepared should something happen to you, it can affect those you...

How prepared are you? Let Attorney Anthony A. Nozzolillo, Esq. help you make sure your Estate Planning (Wills, Trusts, Testamentary Provisions) is in order

Comments / 0