A Trust Primer
Many of us may perceive trusts as a complex subject better left to our attorney. However, a trust is simply a contract initiated by a grantor who agrees to transfer assets to a beneficiary, who then receives the assets as [...]
Gender Differences in Retirement Planning
Women often face more financial challenges than men as a result of lower salaries, prolonged career breaks, and relative longevity, according to a study recently published by the BMO Retirement Institute. Women tend to have smaller pensions or 401(k) balances, [...]
Inherited IRAs: What You Should Know
The rules and consequences of IRA beneficiary arrangements are complex The rules pertaining to Individual Retirement Account (IRA) beneficiaries are complicated. Here is a quick look at the limitations the Internal Revenue Service (IRS) places on the beneficiaries of IRAs. [...]
IRS Makes Contribution Limit Changes for 2022
The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. From the IRS website: “The contribution limit for employees who participate in [...]
Identity Theft: Be Prepared. Be Proactive.
What you can do to prevent The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016. In the past six years, identity thieves have stolen over [...]
