How to Handle Cognitive Decline Transferring Financial Control
Cognitive decline? What? I don’t remember forgetting anything…
August 25, 2025
Category: Family Issues
Is the “Trump Account” a Good Deal?
Short answer: Not really. Middle to high income families may not feel it’s worth the headaches and low income families may see little benefit.
July 29, 2025
Family Issues
IRAs With Excess Assets Impact Family Members Too!
After passage of the SECURE Act of 2019, non-spouse IRA beneficiaries are now required to liquidate their inherited IRAs by the end of the 10th year. Often, that means they’ll be withdrawing taxable income from the inherited IRAs during their peak earning years – great gift for Uncle Sam, but not so good for the kids.
January 9, 2023
Family Issues
Managing an Inheritance
Managing inherited money isn’t as simple as depositing the check and picking some sure-fire investments.
July 11, 2022
Family Issues
529 vs Roth IRA: Which is Better for College Savings?
We’ve all been conditioned to believe the well-known 529 plan is the “designated” college savings vehicle – people tend to think of it automatically when planning.
January 27, 2022
Family Issues
17 Unexpected Retirement Expenses
I wish I could take credit for this list, but I can’t. This is from the Society of Actuaries who outlined these unexpected or shocking expenses in its 2015 Risks and Process of Retirement Survey. I doubt it’s changed much since. Here they’re ranked by the likelihood of it happening.
July 23, 2021
Family Issues
When A Loved One Dies
When a loved one dies, it can be a bit chaotic. I remember when my parents passed away, they had lived a very long and happy life.
October 27, 2020
Family Issues
The SECURE Act Is A Financial Planning “Game Changer”.
This major change will bring in $15.7 billion in tax revenue by 2029, according to the joint committee on taxation in their report on the bill, H.R. 1994. And, guess whose money they want? Yes, yours.
February 26, 2020
Charitable Giving
The Stretch IRA is Gone. Now What?
The SECURE Act has changed the game, especially for parents who were planning on leaving substantial nest-eggs to their kids, with the elimination of Stretch IRAs. Uncle Sam may be the biggest beneficiary.
February 8, 2020
Charitable Giving
Think Giving To Charity Steals From Your Heirs?
Giving to charity doesn’t have to mean your kids get less. You might be able to make everyone happy… except Uncle Sam.
February 3, 2020