Inheriting a spouse’s IRA gives you a few more options than otherwise. Read on to get an overview, click the links to read more details, and talk with your financial planner! Spouse’s Choice A surviving spouse may choose to make the inherited IRA their own. Only a spouse, and no other person, can make the...Read More
When a spouse passes away and leaves an IRA to the surviving spouse, they also leave a spouse with a choice: Should they make the IRA their own IRA or should they maintain separate IRAs? Read this Periscope to learn more, and then discuss these questions with your financial planner. Make the Inherited IRA...Read More
Many people ask, Should I Name My Trust as Beneficiary of my IRA? The answer is, it depends. First we look at the features of IRAs and trusts. Then, we answer some frequently asked questions. IRA stands for individual retirement account. An IRA provides tax advantaged retirement savings. While the money is inside an IRA,...Read More
Read this Periscope for a quick summary of tips about how to create secure passwords that you will remember, and bad guys cannot hack. Use a password software. A password software is one place where you store all your passwords. This way, you only need to remember one password–the one you need to get into...Read More
Read to learn how we simplify the complex decision of choosing a Medicare plan. Also check out our Healthcare Costs in Retirement and Health Insurance and Healthcare Expense Management. You have three big decisions to make: Age 65, start Medicare Part A (even if you do not plan to use Medicare yet). When you are...Read More
Facilitating Important Family Conversations Part 2 Karl Frank, CFP, Jeff Krommendyk and Nathan Merrill continue to interview Shawn Barberis, JD, who is an expert on facilitating important family conversations about legacy. Legacy is often discussed but rarely acted upon. Shawn shares some of the history of legacy conversations:How Shawn got into the business, and created...Read More
Social Security Retirement Income (SSRI) provides a safety net for Americans. SSRI is also divisive–many people feel like it won’t be around when they need it! Read on to learn about how much SSRI pays, to whom, and a high-level overview of how it works. Did you know that in the year 2022: The average...Read More
As a doctor, you dedicate your time and expertise to caring for your patients’ health and well-being. But amidst the demanding nature of your profession, it is essential not to overlook the financial aspects of your practice. By taking advantage of the top tax deductions available to doctors, you can save more money and stress...Read More
As the healthcare landscape continues to evolve, doctors face numerous challenges in their practice. One such challenge is the potential risk of medical malpractice lawsuits, which can have devastating consequences on a doctor’s professional and personal life. Comprehensive Malpractice Insurance for Doctors serves as a crucial shield against these risks, offering financial protection and peace...Read More
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