How to Protect an IRA From Heirs’ Creditors

with No Comments

When a person declares bankruptcy, an individual retirement account (IRA) is one of the assets that is beyond the reach of creditors, but what about an IRA that has been inherited?  Resolving a conflict between lower courts, the U.S. Supreme … Read More

What Is the Difference Between a 401(k) and an IRA?

with No Comments

The terms 401(k) and individual retirement account (IRA) are bandied about quite a bit when discussing retirement planning, but what are the actual differences between the two? The main distinction is that a 401(k) — named for the section of … Read More

Understanding Charitable Remainder Trusts: How to Secure a Lifetime Income, Save on Income / Capital Gains Taxes & Benefit a Charity at the “End of the Day”

with No Comments

Since 1969, countless families have used charitable remainder trusts (CRTs) to increase their incomes, save taxes and benefit charities. What does a CRT do? A CRT lets you convert a highly appreciated asset like stock or real estate into lifetime … Read More

MORE GOOD THAN BAD: The Benefits and Drawbacks of Buying an Annuity Doubler to Pay for Long-Term Care

with No Comments

As long-term care insurance premiums keep rising and fewer companies are offering policies, seniors are looking for other ways to help pay for long-term care. Annuity “nursing home doublers” have emerged as a new long-term care option. These doublers can … Read More