Good News about Social Security
June 26, 2024
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For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
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What Will I Get From Social Security?
May 24, 2024
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Social Security was never intended to fund the full cost of your retirement, though some seniors rely upon it for nearly all their income.
What are the Federal Gift and Estate Tax Exemptions for 2024?
February 1, 2024
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The federal gift, estate, and generation-skipping transfer (GST) tax exemptions and the annual exclusion from gift tax are historically high due to a temporary increase under the Tax Cuts and Jobs Act.
Passing the Torch: Innovative Strategies for Seamless Family Business Succession
January 8, 2024
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Family business succession planning is a critical and often challenging process for many family-owned businesses. The goal of a successful succession plan is to ensure a smooth transition of the business to the next generation, preserving the legacy and values that have been built over the years…
Is It Possible to Split an IRA?
May 25, 2023
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Like most assets, you can inherit an individual retirement account (IRA) after the owner’s death. For spouses, inheriting an IRA is a relatively straightforward process.
How to Create a Family Business Succession Plan
February 2, 2023
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A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.
Beneficiary Mistakes to Avoid
January 19, 2023
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Before making a decision on a beneficiary, it’s very important to check your state laws. Some states have different rules on who you can name as a beneficiary.
Estate Planning for Different Ages and Stages of Life
November 28, 2022
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An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
How Do Inherited IRAs Work?
September 28, 2022
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When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person’s loved ones through an inherited IRA.
How Does a Business Owner Create an Exit Strategy?
September 12, 2022
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You spend a lifetime building your business, so it’s crucial to have a game plan when it’s time to leave. Being prepared will help optimize the transition from a financial and tax perspective.
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