An estate plan exists to accomplish three things.
Preserving your accumulated wealth should be your first priority.
The second goal is to specify who will inherit your assets after your death.
The third goal is to indicate who will make health care and fi... See more
A rising interest rate penalized savers, especially retirees who rely on safe, reliable incomes. As they rise, savers will see modest gains on their cash deposited in money market accounts and certificates of deposit.
A Federal Reserve rate increase will ... See more
There are many wealthy professionals and business owners who put off estate planning.
Unfortunately, the only beneficiaries of this procrastination are the courts and lawyers.
Inaction is the most significant estate planning error, but there are several o... See more
Suppose you are considering withdrawing funds from your retirement accounts.
In that case, it’s important to develop a strategy that ensures that your funds will last for a lifetime, are used efficiently, and will not be diminished by heavy taxes.
The fir... See more
A car donation to charity can provide significant tax savings if you include it in your charitable contribution deduction.
However, you should do a little planning to maximize the tax savings associated with your donation.
Many charitable causes will acce... See more
