If I inherited an IRA, do I have to cash out? What is the 10-year rule?
An individual retirement arrangement (IRA), or more commonly referred to as an “individual retirement account,” is a tax-deferred investment account that helps you save for retirement. Tax laws that...
What is probate and why is probate avoidance important?
On October 20th, we partnered with ThompsonMcMullan on a webinar to answer common probate avoidance planning questions. ThompsonMcMullan is a law firm with Estate Planning Attorneys located near our...
What are the annual contribution limits for 529 Plans and what is superfunding?
It’s no secret that the cost of education is on the rise. The key to preparing for this large but important expense, is to develop a savings strategy early on. As we discussed in a previous Q&A...
What are the benefits of individual bonds over bond mutual funds when investing in fixed income?
There are unique risks and benefits to investing in either individual bonds or in bond mutual funds. We have detailed a few of these risks and benefits below. Price Stability of Individual Bonds vs....
What financially-related steps do I need to take after my wedding?
Wedding season is approaching quickly. With the stress of planning a wedding, it is easy to overlook certain steps that affect your taxes and finances in general. We have compiled a list of steps to...
What factors affect the timing of when I should begin collecting my social security benefits?
Most people qualify to begin claiming their Social Security benefits as early as age 62 or as late as age 70. Exceptions to this include disability, a deceased spouse, or an inadequate number of...
Should I consider investing in U.S. Treasury Series I Bonds?
Interest rates remain at historically low levels. While we expect the Federal Reserve to start a path toward higher interest rates in March, we are also experiencing high inflation. This can put a...
How does my income affect my medicare premium?
If you are retired and age 65 or older, you are likely enrolled in Medicare, the Federal health insurance program that provides hospital (“Part A”), medical (“Part B”), and prescription drug (“Part...
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Examples of topics our articles cover include: definitions for the different types of power of attorney, the roles of both dividend-paying stocks and fixed income stocks in a portfolio, information on 529 college savings plans, etc. Contact our team if you have any questions regarding our articles and how they relate to your investments.
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