by jofseyer
The Pension Protection Act of 2006
Rollovers by nonspouse beneficiaries
Currently, nonspouse beneficiaries who inherit a participant’s 401(k), 403(b), or 457 plan account can’t roll those funds over to an IRA–rollovers are available only to spouses. And while the law …
by jofseyer
Ask the Experts: Can I open a 529 account for my future grandchild?
Yes, you can open a 529 account before the birth of a grandchild, but you have to do it in a roundabout way.
First, you need to …
by jofseyer
Ask the Experts: Does it make sense to consider a 529 plan if my child is only a few years away from college?
It might, because there are several advantages to funding a 529 account no matter what your child’s …
by jofseyer
Qualified Personal Residence Trust (QPRT)
If you own a home and expect to have a large taxable estate, you may want to consider this popular estate planning tool that can minimize federal gift tax and eliminate federal estate tax.
What …
by jofseyer
Health Savings Accounts: Questions and Answers
If you’re concerned about the high cost of health insurance, you may be interested in learning more about health savings accounts (HSAs). An HSA is a tax-advantaged savings account that’s paired with a high-deductible …
by jofseyer
Plan for Business Ownership Transitions with a Buy-Sell Agreement
If you’re a co-owner in a business partnership, closely held corporation, LLC, or other joint venture, consider what would happen if you or one of your co-owners suddenly left the business, …
by jofseyer
Ask the Experts: How can I get an estimate of my Social Security benefits?
Every year, about three months before your birthday, the Social Security Administration (SSA) will mail you a Social Security Statement that summarizes your earnings and estimates …
by jofseyer
Ask the Experts: What happens if I delay collecting Social Security until after full retirement age?
You’ll get a bigger check every month if you delay collecting your Social Security retirement benefit. How much bigger depends on which year you …
by jofseyer
Stretch IRAs
The term “stretch IRA” has become a popular way to refer to an IRA (either traditional or Roth) with provisions that make it easier to “stretch out” the time that funds can stay in your IRA after your …
by jofseyer
Planning for Long-Term Care
The odds of needing long-term care increase as you grow older, and in-home care, nursing home care, and assisted-living costs continue to escalate. If you were to need long-term care, would you be able to meet …