To allow non-spouse beneficiaries to withdraw over their lifetime while protecting the retirement account (401k, 403b, IRA) from creditors, many attorneys recommended people name a Trust as the primary or contingent beneficiary of a retirement plan. That way,...
To try to develop the most effective retirement income strategy for the middle class, Stanford University’s Center on Longevity analyzed and compared 292 scenarios.[i] Its conclusion is a two-prong strategy. First, delay taking social security until age 70 by working...
This is a hypothetical example and not actual clients and their outcomes. Congratulations, Fran and Ami Adams, for your marriage of over 40 years; two great kids; and two grandchildren, ages 3 and 11. You have built a substantial nest egg that you would like to [1]...
Congress recently passed, and President Trump signed, the SECURE Act. Among other things, it pushes back from age 70 1/2 to age 72 the age when someone is required to start taking their minimum distribution from their IRA, 401k, or IRA. It also allows individuals to...
Public school educators, including university professors and administrators, can save more pre-tax than any other public or private-sector employee. That’s because educators are eligible for two retirement plans, both with unique catch-up options. In 2020, educators...
Many financial advisors are registered as both representatives of a broker-dealer and as investment-advisor representatives of an investment advisor. Investment advisors are fiduciaries who owe the client a higher oath of loyalty. They must act in their clients’ best...