Passing an inheritance to your children often raises the question of how the beneficiaries would use it after they receive it. Most often, you already know the answer—it probably would not last very long. You strongly suspect they would not value it like they should and would spend it as if money grew on trees….
The Savings Game: Who Has to Report RMDs This Year?
By Elliot Raphaelson From Tribune Content Agency The IRS has issued additional guidelines regarding the reporting of Required Minimum Distributions (RMDs) for beneficiaries under the SECURE Act of 2019. One of the most important provisions of that law raised the minimum age for RMDs from 70 1/2 years of age to 72 years of age….
Nine Items You Don’t Want in a Final Will
Most people either have or are considering writing a last will. It’s a legal way to spell out the distribution of your assets. It’s also a vehicle to tell survivors what wishes you have for your minor children’s care. Knowing what to put in your final will is essential. But if you genuinely want your…
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