You might have heard the term 'Tax Time Bomb' and its relation to your IRA, especially after the passage of the 2019 SECURE Act. If you're planning on leaving a legacy to loved ones in the way of your IRA, having control of how those lifelong savings are dispersed has become more complicated. Learn more about how utilizing a Charitable Remainder Trust (CRT) could help maximize the future inheritance for your heirs.
Are you over-saving for retirement? Are you under-spending once you get there? There’s a sweet spot for funding your retirement, but the reality is that many retirees haven’t found it.
Your income throughout retirement no longer comes in the form of a bi-weekly check from your employer. It’s now up to you (and your trusted financial planner) to ensure you have a consistent stream of money that lasts the rest of your life.
What if you viewed your financial wellness as a tiered pyramid, with layers that played into your overall financial security?
If you’re still sitting in cash after the fear-laden year of 2020, it’s time to get a plan. You probably can’t sit on the sidelines forever, and you definitely shouldn’t.
You may not have a ‘Black Sheep’ beneficiary, so to speak, but you could still have concerns about leaving a substantial legacy behind after you are gone.
