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article, “Why Older Americans Should Get Hip to the Roth IRA,” says that the older you are, the more likely

Marriage is a blending of two lives, and while this is true on both a spiritual and physical level, it Your newlywed planning will likely include how to finance large purchases such as a home or vehicle. Along those same lines, it is a good idea to create a living will with your spouse so he or she is aware

But there are other states with much lower exemptions, like New Jersey. Be aware of the possibility of having to pay estate taxes at the state level because of where you live

So, ask yourself when you’d like your tax break—now or later? age, you’ll have to withdraw a certain percentage of your account’s value every year, based on IRS life You can leave the money in the account alone as long as you like. There are certain exceptions, like the ability to use IRA funds for college without a penalty at any

The lives of the rich and famous may not seem very relatable, but we can learn valuable lessons about Trump, holding that the NDA signed at the end of litigation over Fred Trump’s estate was too vague and likely If an estate plan is clear and well planned, messy litigation and family conflicts are far less likely What happened with Prince’s estate demonstrates why it is essential to plan while you are living. Like Prince, Aretha Franklin died years ago.

Consider a growth-oriented portfolio and remember that nontaxable interest, like interest on municipal

This year you need to have a health insurance policy with a deductible of at least $1,300 for individual

You have worked your whole life to preserve your wealth; after you pass on, the last thing you want is education, cash to start a business, or myriad other advantages that will give your descendants a leg up in life A generation skipping trust is just what it sounds like; it is a financial vehicle that “skips” your Of course, a generation skipping trust can also be customized in other ways to ensure that the assets A generation skipping trust can be a powerful tool to lower the tax burden on the assets you would like

You must think about possible life-changing circumstances that might leave you unable to care for your

Kim Hegwood’s mother, like many others, has been facing this issue for the past two years since she retired

to the petition, the newspaper’s losses were in the tens of millions of dollars every year and were likely

. • Senior day care: For independent seniors that do not need a high level of care and would like to basic health care is provided along with a variety of entertainment and social options. • Assisted living : For seniors who prefer to have their medical care and entertainment options onsite, assisting living However, proper estate planning, which may include Medicaid planning, long-term care insurance and other options, can help you ensure that you receive the type of care you want in your golden years.