How to Plan For a Kid Who Can’t Handle Finances
Many parents face this issue, says NJ 101.5 in its recent post, “When you don’t trust a child with money.” There are some children,...
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Kimberly Hegwood
Sep 14, 20163 min read
Reverse Mortgages Are Back in Style
One couple who wanted to live in a community for people 55 and older in an area they had always admired used a reverse mortgage to...
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Kimberly Hegwood
Aug 19, 20162 min read
How to Take that First Required Minimum Distribution from an IRA
If you turned 70½ in 2015, you were required to take your first required minimum distribution from your IRA by April 1, 2016. But do you...
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Kimberly Hegwood
Aug 9, 20162 min read
Make That Required Minimum Distribution go Directly to Your Favorite Charity
Congress used to wait until the end of the year to extend the law that let people make a tax-free donation of up to $100,000 from their...
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Kimberly Hegwood
Aug 2, 20162 min read
How Will the Greatest’s Estate Planning Match Up in Probate?
All of the details of Ali’s will have not been uncovered after his recent death. Nonetheless, Investment News says in “How will Muhammad...
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Kimberly Hegwood
Aug 1, 20163 min read
Planning Ahead for Medicaid
The good news is that you’re going to live a long life. The bad news is that you may face the difficult transition of requiring nursing...
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Kimberly Hegwood
Jul 29, 20161 min read
Pop Songstress’ Estate Arguing over $11 Million Dollar Tax Bill
Some of the money that’s owed is from Whitney’s song and performance royalties. There’s also a $9 million dispute over the value of her...
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Kimberly Hegwood
Jul 12, 20162 min read
Will My Heirs Be Hit with a Double-Whammy: State Estate Taxes Along with Federal?
The estate tax is a tax on property transferred at your death, and recent changes in the tax laws have increased the amount that you are...
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Kimberly Hegwood
Jul 8, 20163 min read
Roth IRA or Traditional IRA? That is the Question
When we’re all trying to save more money for retirement, the options can be confusing. For instance, is it better to put money in a Roth...
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Kimberly Hegwood
Jul 4, 20163 min read
Retirement Advice from TV’s Golden Girls
Baby boomers are heading toward retirement, and some are already there, as the oldest members of the generation turn 70 this year. This...
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Kimberly Hegwood
Jun 30, 20162 min read
Preparing for the Unexpected
Unexpected circumstances can happen, so don’t put off writing your will. This is a big job. Here are some of the important steps to take...
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Kimberly Hegwood
Jun 29, 20162 min read
Estate Planning Mistake No. 122: Neglecting Beneficiary Designations
Nerd Wallet, in “Avoid This Estate Planning Mistake,” reminds us that many assets have their own beneficiary designations, including...
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Kimberly Hegwood
Jun 24, 20161 min read
The 411 on Health Savings Account Rollovers
Kiplinger’s recent article, “Rolling over Retirement Savings to a Health Savings Account,” advises that you can make a tax-free rollover...
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Kimberly Hegwood
Jun 23, 20161 min read
How to Prepare for the Unexpected Loss of a Spouse
While some decisions may be put off because they’re too personal, there are decisions that need to be made that are simple and...
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Kimberly Hegwood
Jun 17, 20162 min read
The Three Top Fears in Retirement
Baby boomers have begun to think about several concerns as they prepare for retirement. A recent survey found that of the top fears of...
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Kimberly Hegwood
May 12, 20162 min read
Dying Without a Will and What Happens to Your Stuff
Every state has intestacy laws that govern whom among a deceased’s relatives will receive the property and assets when there’s no will or...
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Kimberly Hegwood
May 9, 20161 min read
Ten Mistakes Not to Make with an Inherited IRA
One-third of U.S. households own at least one type of IRA, so chances are that you might inherit one in the future. If that happens,...
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Kimberly Hegwood
May 5, 20163 min read
Financial Regrets That Will Haunt You Forever
Financial regrets—we’ve all had some. But in “8 Financial Decisions You’ll Regret Forever” Kiplinger asked financial planners and...
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Kimberly Hegwood
May 2, 20162 min read
How to Afford Your Retirement
Take a look at Kiplinger’s “12 Ways to Go Broke in Retirement” and learn how to avoid them. Relying on a single source of income....
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Kimberly Hegwood
Apr 11, 20162 min read
Reviewing the Roth Recharacterization
Why recharacterize? The top reason people do this is because the account has declined in value. A recharacterization cancels out the...
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