Charitable Giving
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
This is What Happens to Your Unpaid Debts If You Pass Away
If you are one of the millions of Americans with debt, you might wonder what happens to it when you pass away. As with most things financial, it depends.
Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
Wealth transition and succession planning were always complicated processes—COVID-19 did not do it any favors.
5 Tips to Prepare for Parenthood
As you prepare for life with your baby, here are a few things you should think about.
Could You Be Responsible for Your Parents’ Nursing Home Bills?
There are 26 states where laws generally hold children financially responsible for certain debts of their parents.
Importance of Estate Planning in COVID-19 Times
Concerned how your Advance Directives or Do-Not-Resuscitate Orders may affect you in the event of COVID-19 and the use of ventilators?
Case Study: Minimizing the Tax Burden of an Inherited IRA
Our Financial Planning Experts tackle a listener’s concerns about passing a tax burden to his children with an inherited IRA.
Case Study: The Suddenly Single Taxpayer
The “Money Talks” experts have a conversation on what a recent widow should pay attention to as she files her tax return and moves forward as a single filer.
Is It Time to Review Your IRA Estate Planning Strategies?
The SECURE Act substantially restricts the “stretch” IRA provision. We explain the new rules and notable exceptions.
Case Study: Charitable Giving Using Life Insurance
The “Money Talks” experts discuss the various ways you can maximize your gift to charity using life insurance.