Tag Archives | estate planning

Choosing an IRA Beneficiary? Choose Wisely…

Key Takeaways Your choice of beneficiary(s) for your IRA can have major tax consequences. Choose wisely with your advisor’s counsel. Leaving your IRA to an individual is a simple and flexible solution. Leaving your IRA to a trust is more complex and requires the advice of an experienced estate attorney. How do I choose the […]

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Executor/Trustee Fee Compensation: A State by State Case

Not many of us find ourselves in the position of being an executor or trustee of an estate – it may only happen once or twice during our lifetimes (if at all). Many people consider it an honor to be named an executor or trustee. However, there are several elements and responsibilities that go along […]

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Insurance – Don’t Set It and Forget It

Key Takeaways: People change over time and so their insurance needs change too. Insurance policy expenses and their underlying crediting rates can change over time Periodic insurance policy reviews are critical. Remember Ronco founder, Ron Popeil’s, signature tagline for his famous rotisserie oven– “Set it and forget it”?   That might be fine for cooking convenience, […]

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5 Things to Know About Executors

Key Takeaways This is a great honor, but also a big job Your duties as executor may be in conflict with the family’s wishes Organizational skills are very important  1. What is an executor? An executor is a personal representative who acts on your behalf after you die. You nominate or designate an executor in […]

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The Conversion Issue: Tax Me Now or Tax Me Later! (Part 2)

Key Takeaways Roth conversions could be a great option to potentially decrease taxes and pass on tax free assets to heirs. Roth conversions can also be beneficial if you have assets in tax-deferred accounts and expect a significant drop in your tax bracket before age 70 ½. A re-characterization provides you with a “do over” […]

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Expected Sources of Premium Stock Returns Part II: How Much Risk? How Much Expected Return?

In our last post, we introduced three major sources of return in the global stock markets, and how we went about identifying them. This raises another question: How have they been doing so far? A Look at the Evidence Before we determine that it’s a new world, in which we should jettison decades of data […]

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