Bypass trusts can reduce estate taxes significantly in limited cases, for example if assets are expected to appreciate dramatically. They may be useful if there is a nontax reason for creating a trust, such as asset protection or to control spendthrift activity. But bypass trusts are generally not needed for estate planning purposes as a …
How does a bypass trust reduce the surviving spouse’s estate taxes? Read More »
The Pros & Cons of Roth IRA Conversions What are the potential benefits? What are the drawbacks? If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why go Roth? There is an assumption …
Medicare Enrollment Options for 2015-16 A summary of what you need to know. Key Medicare enrollment periods are approaching. This fall and winter, there are three periods in which Medicare beneficiaries can either enroll or disenroll in forms of coverage. >> Oct. 15-Dec. 7: Open enrollment period. This is when you can exit …
End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2015. What has changed for you in 2015? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional …
Ways the Middle Class Can Make a Difference for Charity You don’t need to be wealthy to make an impact and get a win-win. Do you have to make a multimillion-dollar gift to a charity to receive immediate or future financial benefits? No. If you’re not yet a millionaire or simply a “millionaire next …
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