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things to think about” that there are several things to think about in terms of how you’re managing your wealth the year because tax season provides a great opportunity for people to think more holistically about wealth Retirement Savings Plan. Review your retirement savings plan to be certain you’re on track for your goals and to check that you ’re contributing enough to get the maximum benefit if you have an IRA or 401(k).

which contributions to the fund are pooled together for administrative purposes but separated into accounts Unlike a Special Needs Trust, a Pooled Trust account can be created for a person with disabilities of The way this works is that a qualified non-profit organization sets up the Pooled Trust account and creates The amount allocated to this account will depend on factors such as monthly income, assets, expenses, Do your research in finding the right Pooled Trust non-profit to set up and manage your account.

After working hard and saving your money wisely, you’re ready for a successful retirement. Nobody wants to be caught off-guard when it comes to saving for the future, so Forbes has published info Anticipate that these costs will increase and budget additional savings to cover the changes. If you decide to stay put, you need to save for basic house maintenance as the home ages. You will be in a better position to have the savings you need to address those surprises head-on and

Some of the benefits of a 529 savings plan are that you can use the annual exclusion gift, now set at If you have three grandchildren, that’s $42,000 a year that you can exclude from your estate. If you put the funds in 529 plans, you still have control of them as the owner of the account, and you Another nice thing about the 529 plan is that if you need the money down the road, as the account owner If you decide on these educational accounts, you should open a separate 529 plan for each child.

to adulthood; they may be completely overwhelmed and have no idea where to begin. There is a wealth of information. and they say they don’t have one. All of our trainings have become virtual. We all have children and we have been trying to navigate the systems too.

Some of the benefits of a 529 savings plan are that you can use the annual exclusion gift, now set at If you have three grandchildren, that’s $42,000 a year that you can exclude from your estate. If you put the funds in 529 plans, you still have control of them as the owner of the account, and you Another nice thing about the 529 plan is that if you need the money down the road, as the account owner If you decide on these educational accounts, you should open a separate 529 plan for each child.

involves the elder making a purchase over the phone or making a donation to a charity; Medicare and health insurance fraud happens when a con artist poses as a Medicare or health insurance representative and senior should ask if the organization is licensed, as each state has licensing requirements for the sale

What did she have to say? According to Selko, more than 170,000 West Virginians have been enrolled in Medicaid since January 2014 She commented that more than 60% of Medicaid recipients have a job and that they’re people who work in Medicaid spent $16.6 million in West Virginia, and 8,643 residents (36%) receive health and long-term Another 2,536 are eligible for Medicaid because they are low income elderly persons and/or have a physical

, bank accounts and investment accounts. A beneficiary designation is your legal direction to the account administrator regarding who should get the money in your account if you were to die prior to using the money yourself. Retirement accounts—like IRA accounts, 401(k)s, and 403(b)s—require up-to-date beneficiary designations a qualified charity could be a beneficiary of a retirement account.

Herzer filed a lawsuit, asking a judge to reinstall Herzer as Sumner’s health agent. However, last fall Redstone removed her as his health care agent and ordered that his estate pass to

Non-probate assets are those that are jointly owned by you and your spouse, like bank accounts, as well as retirement benefits and life insurance proceeds that have a beneficiary designated. You can facilitate timely distribution of assets and help your family save on inheritance fees. Convert Your Personal Accounts To Pay-On-Death Accounts. If you have a large estate but give away enough assets ahead of time, your estate might get below that

The majority of the assets left behind—houses, vehicles, money, personal property, retirement accounts If the deceased had a will, he or she will likely have chosen the person they want to fulfill that role If not, however, the courts will decide who should have the position if multiple people step forward. Because the probate process can take a considerable amount of time, it is also the executor’s job to The representative is also required to have all the assets appraised for value.