Articles

Estates & Trusts

• What Key Estate Planning Tools Should I Know About?

  Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.

• How Can a Living Trust Help Me Control My Estate?

  A living trust can help control the distribution of your estate upon death.

• What Are the Pitfalls of Probate?

  The probate process can be lengthy and complex. There are strategies you can use to help avoid the probate process.

• How Can My Gift Benefit Me and the Charity?

  To retain the tax advantages associated with charitable giving, your gift must be made to a qualified organization.

• How Can I Control the Distribution of My Estate?

  If you haven't taken steps already, consider planning now for the distribution of the assets of your estate.

• How Will I Pay Estate Taxes?

  If you believe your estate will be subject to estate taxes, consider how your heirs will pay the bill.

• Can I Benefit from an A-B Trust?

  An A-B trust can be an effective way to help reduce estate taxes and preserve family assets for heirs.

• What Gifting Strategies Are Available to Me?

  Compare the advantages and disadvantages of different gifting strategies available for planned giving.

• How Can I Benefit from a Charitable Lead Trust?

  Charitable lead trusts are designed for people who would like to benefit a charity now rather than later.

• How Can I Benefit from a Charitable Remainder Trust?

  A designated income beneficiary could receive payment of a specified amount from a charitable remainder trust.

• How Can I Benefit from a Wealth Replacement Trust?

  A wealth replacement trust could be used to gift appreciated assets to a charity as well as provide for heirs.

• Could My Family Benefit from a Family Limited Partnership?

  One estate planning strategy that families with closely held businesses could consider is the family limited partnership.

• What Is the Best Form of Property Ownership for Me?

  Sole ownership, joint tenancy, tenancy in common, and community property have special benefits for property owners.

• What Is the History of the Federal Estate Tax?

  Careful estate planning is still one of the most important ways to manage and protect your assets for your heirs.

Retirement

• What Are Annuity Living Benefits?

  Living benefits can help protect variable annuity owners from running out of money in retirement.

• How Much Do I Need to Save?

  Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.

• A New Chapter for Retirement

  With the changing pension landscape, it is important to take charge of your own retirement security.

• Should You Bank Your Retirement on Your Business?

  Allocating too much of your retirement investments to one company, even your own, can be a risky proposition.

• What Are My Retirement Planning Options?

  There are a variety of retirement planning options that could help meet your needs. Here are some of the most popular.

• Will Social Security Retire Before You Do?

  Greater demand is being placed on the Social Security system as the baby boom generation has begun to retire.

• How Can I Estimate My Future Social Security Benefits?

  The Social Security Administration’s retirement estimator gives estimates of your future benefits based on your actual Social Security earnings record.

• What Is a Self-Employed Retirement Plan?

  Tax-deferred retirement plans for self-employed individuals have higher contribution limits than IRAs.

• What Is an Indexed Annuity?

  An indexed annuity may provide some upside potential and downside protection.

• What Are My Retirement Plan Distribution Options?

  When receiving money accumulated in your employer-sponsored retirement plan, you have two options: lump sum or annuity.

• What Is a Traditional IRA?

  If you do not participate in an employer-sponsored retirement plan, you might consider a traditional IRA.

• What Is a 401(k) Plan?

  401(k) employer-sponsored retirement plans have many benefits, including that the funds accumulate tax-deferred.

• How Should I Manage My Retirement Plan?

  Employer-sponsored retirement plans are more important than ever, but managing the assets can be confusing.

• Save Now or Save Later?

  If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.

• What Is a Roth IRA?

  Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.

Tax Planning

• What Is the Estate Tax?

  Everything you own, whatever the form of ownership, is subject to federal, and possibly state, estate taxes.

• What Is the Gift Tax?

  The federal gift tax applies to gifts of property or money while the donor is living.

• How Much Money Can I Put Into My IRA or Employer-Sponsored Retirement Plan?

  IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government.

• What Is a Required Minimum Distribution?

  Required minimum distribution is the annual amount that must be withdrawn from a qualified retirement plan/account.

• What Are the Tax Benefits of Charitable Trusts?

  For the grantor, there are a few potential tax benefits that can come with setting up a charitable trust.

• When Must Taxes Be Paid on IRA and Employer-Sponsored Retirement Funds?

  With traditional IRAs and most employer-sponsored retirement plans, taxes are not payable until funds are withdrawn.

• What Happens If I Withdraw Money from My Tax-Deferred Investments Before Age 59½

  Tax-deferred retirement account withdrawals before age 59½ generally triggers a 10% federal income tax penalty.

• What Is Tax Deferral?

  There can be a substantial benefit to deferring taxes as long as possible.

• How Can I Benefit from Tax-Advantaged Investments?

  Many traditional tax-advantaged investment strategies have gone away, but there are still some alternatives.

• What Tax Deductions Are Still Available to Me?

  Changes to the tax code have left a few key deductions for itemizers, like medical, dental and some business expenses.

• What Tax-Advantaged Alternatives Are Available?

  While stable, CDs can create an income tax bill. Fixed annuities and municipal bonds can offer tax advantages.

• What Is the Most Tax-Efficient Way to Take a Distribution From a Retirement Plan

  Consider a trustee-to-trustee transfer to an IRA versus a lump-sum distribution from a workplace retirement plan.

• Is There Such a Thing as a Tax-Free Investment?

  It's important to understand tax-exempt vehicles when establishing a comprehensive tax planning strategy.

• How Can I Upgrade My Insurance — Tax-Free?

  A 1035 exchange allows you to exchange your life insurance policy for one from another company without tax liability.

Cash Management

• What Are Some Tips for Managing My Money?

  A sound cash management program uses a disciplined approach: accounting, analysis, allocation, and adjustment.

• How Long Will It Take to Double My Money?

  Before making investment decisions, it is helpful to determine the real rate of return on the investment.

• How Can I Better Manage My Short-Term Cash?

  There are numerous investment alternatives available to help provide liquidity.

• What Advantages Does a Biweekly Mortgage Offer?

  Biweekly mortgage payments can have a dramatic effect on the amount of interest homeowners have to pay.

• What Is a Reverse Mortgage?

  There are techniques that can enable older homeowners to use their property to finance their lifestyle.

• What Are Some Smart Ways to Refinance?

  Here are some smart ways to refinance your home.

• What About Financial Aid for College?

  It's important to understand the options, such as financial aid grant programs, when having to pay for college.

• How Does Inflation Affect Me?

  Historically, one of the best ways to fight the effects of inflation has been to utilize growth-oriented investments.

• Is a Home Equity Loan or Line of Credit Right for Me?

  Shifting some debt to a home equity loan, which typically allows interest payments to be tax deductible, could have its advantages.

Risk Management

• Why Purchase Life Insurance?

  If you have a family who relies on your income, it is important to have life insurance protection.

• Why Are Annuities Considered an Insurance Product?

  An annuity is a contract between you and an insurance company to pay you future income in exchange for premiums you pay.

• Do I Need a Business Owner Policy?

  A business owner policy is an insurance package that assembles the basic coverages required by a business owner in one bundle.

• What Is Life Insurance for Business Owners?

  Company-owned life insurance is one way to help protect a business from financial problems caused by the death of a key employee.

• What Is Split-Dollar Life Insurance?

  Split-dollar life insurance is an arrangement to purchase and fund life insurance between two parties.

• What Is Last-Survivor Life Insurance?

  Couples who want to help protect their legacy from estate taxes could consider last-survivor life insurance.

• What Is Disability Income Insurance for Business Owners?

  As a business owner, a disability can create an economic hardship putting both your personal finances and business at risk.

• What Is Term Life Insurance?

  Term life insurance differs from permanent forms of life insurance in that it offers temporary protection.

• What Is Whole Life Insurance?

  Some of the pros and cons of whole life insurance.

• What Is Universal Life Insurance?

  Consider a universal life insurance policy if you want the flexibility to change your premium or death benefit.

• How Do I Make a Property Insurance Claim?

  When it is time to make an insurance claim, it helps if you are familiar with your policies and the steps you should take to file a claim.

• How Can I Maximize My Insurance Benefits?

  Several factors could undermine the financial security provided by the proceeds of your life insurance policy.

• How Can I Insure My Future?

  To help you choose insurance wisely, determine how much coverage and what kind of policy is best for your situation.

• Do I Need Disability Income Insurance?

  Knowing the basics of a disability income insurance policy is a good first step toward protecting your family.

• How Can I Extend My Liability Coverage?

  Consider additional liability insurance to help protect you from the potentially devastating effects of liability lawsuits.

• How Can I Determine the Financial Strength of My Insurance Company?

  Using a financially sound insurance company is an important part of ensuring your family’s financial security.

• Am I Prepared for Long-Term Care Expenses?

  The odds of needing long-term care increase as you age. Prior planning can help protect you from financial ruin.

• What Does Medicare Cover?

  Medicare is the federal health insurance program for those persons age 65 and over. But what does it cover?

• How Likely Am I to Need Long-Term Care?

  If you were to suffer an illness or disability that required long-term nursing care, would you be covered?

• What Are the Basic Types of Life Insurance?

  When selecting a life insurance policy, examine all your options, as well as the positives and negatives of each type.