What to do After the Death of a Spouse
Losing a spouse can be an overwhelming and emotional experience. While it’s possible to organize financial documents ahead of time, there’s no way to truly
Category: Tax & Estate Planning
IRS Wants to Change the Inherited IRA Distribution Rules
UPDATE: On October 7th, 2022, the IRS released Notice 2022-53 announcing final regulations will be forthcoming and will apply (at earliest) to the 2023 distribution year. Individuals
Will Tax Hikes Hurt Stocks? Impact of Tax Rates on the S&P 500
Between the Biden tax plans and other bills already before Congress, it’s likely that some level of tax legislation will make its way into law
What To Do With The Money From The Sale Of Your Business
After selling your business, you may receive a lump sum in cash. Deciding how to allocate and invest the proceeds after selling your business is
Inherited a 401(k) From a Parent? Tax Planning for Distributions
If you’ve inherited a 401(k) from a parent, you likely have questions about your options for the account and the tax impact. Luckily, non-spouse beneficiaries
Inheriting a Trust Fund: Distributions to Beneficiaries
If you’re inheriting a trust fund, you likely have questions about how the distribution payouts to beneficiaries work and the tax implications. While general information
Do I Need a Trust If I Have a Will?
A will and a trust are two different estate planning tools. Consider a will like a high-level set of instructions for after you pass away.
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in basis could apply
You Can Now Take Required Minimum Distributions At 72. But Should You?
The Secure Act increased the required minimum distribution (RMD) age from 70 1/2 to 72, marking the first change to the RMD age since first
The End of the Stretch IRA and What it Means for Your Estate Plan
The Secure Act became law on December 20th, 2019, bringing the most significant changes to the retirement system in over a decade. Among the changes