Roth IRAs are becoming increasingly popular savings vehicles as investors realize their utility in securing long-term financial goals as well as their availability to fund shorter-term financial goals, such as …
IRMAA: The Hidden Medicare Tax
What is IRMAA? IRMAA stands for Income-Related Monthly Adjustment Amount. Many of us pay premiums for Medicare Parts B and D just like any health insurance. But high income enrollees …
Long-term Care Insurance: Why You Should Consider It As You Age
As baby boomers plan for retirement, there is a growing need for long-term care. At the same time, costs for nursing home care, assisted living and in-home care are growing …
Steps to Take When a Spouse Passes Away
Knowing what to do when a spouse passes away can make a difficult situation a little easier to navigate. Unfortunately, we have seen too many cases where the surviving partner …
Use Trusts to Navigate Complex Inheritance and Tax Issues
Trusts are an excellent wealth management tool that can help you legally navigate inheritance and tax issues. Depending on your objectives, you can choose from one or more of several …
Special Needs Trust: What It Is and When to Use It
A special needs trust should be considered by parents or other caretakers of someone with a physical or mental disability. This financial vehicle offers several benefits including – importantly – …
