Sep 26, 2017
When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? What happens depends on a lot of factors, like how you set up your estate plan, who you choose as beneficiaries, and many other factors. If you do not...
May 31, 2016
One of the largest assets that people have are IRAs. IRAs can be passed on to descendants, and they are therefore one of the largest inherited assets. IRAs are such large assets because they grow tax free until you begin to take distributions out of the IRA. Your...
May 27, 2016
Life insurance is a way for you to affordably provide finances for your surviving spouse, ageing parents, children, and others if you pass away while they are depending on you. Proceeds from your life insurance can provide extra income for whatever needs your loved...
May 21, 2016
There are generally three prime reasons why a person gets life insurance: 1) pay final expenses (burial and funeral, medical expenses, etc.); 2) provide retirement income for themselves; and 3) pass on wealth to loved ones after they pass away. Additionally, life...
May 19, 2016
It is critical that you name the correct beneficiary for your tax-deferred retirement accounts. Deferring taxes allows your retirement account balance to grow, decreases the income taxes you have to pay, and helps your account’s “life” stretch out...
