Site search


Forum

RMD After Divorce

A married couple divorce in July of 2016. The husband age 72 is employed and has a balance of $1m...
Read more
Post

Sometimes It Pays to Treat Your Kids Unequally

As the father of more than one child, I understand the desire to try and treat children as equally as possible. You certainly don’t want one child to think you love him/her any less, or more, than your other children (though children will inevitably feel that way at one time or another), and you want the best for all of your children. But while children may share the same parents, may grow up in the same house and may be raised in the same manner, they are very much like snowflakes. Each one is truly unique. For those not set on a predetermined course of action when developing an estate plan, there are definitely scenarios where, from a purely financial perspective, it can pay to treat children differently. In fact, doing so can, in some cases, leave everyone with more than they would have otherwise.
Read more
Post

An IRA Rollover Quiz

Most people think it is easy to move their retirement assets. But is it? The following is a quick quiz. How many of these rollover questions can you get correct? The answers are at the end of the quiz.
Read more
Forum

Inherited Ira

The more I read the more confused I get. My father-in-law has been doing conversions form Tradition to Roth for...
Read more
Forum

After Tax IRA

A client has an IRA that is completely funded by non-deductible contributions (they were phased out of a deductible contribution...
Read more
Post

The Ultimate Rainy Day Fund; The Roth IRA

A recent Pew Charitable Trusts study released in March came to the scary conclusion that roughly one-third of Americans would have trouble coming up with $2,000 in the event of an emergency. Clearly, this is a problem. Try as one might, emergencies are bound to happen from time to time. Some of them may not have an impact on your finances, but many emergencies will. With that in mind, let’s talk for a moment about the ultimate emergency fund, the Roth IRA.
Read more