Understanding FDIC Insurance
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC insurance, how it works, and what it covers. What Is FDIC Insurance? The FDIC is an […]
How to Make the Tax Code Work for You
By May 20, 2022, over 145 million taxpayers had dutifully filed their federal income tax returns.1 And they all made decisions about deductions and credits – whether or not they realized it. When you take the time to learn more about how it works, you may be able to put the tax code to work […]
A Brief History of Estate Taxes
Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when property (land, homes) was transferred from one generation to the next. The revenue from these stamps was […]
9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you. […]
CARES Act
The $2 trillion coronavirus economic recovery bill, dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a daunting 880 pages long, but it contains lots of good news for individuals and businesses, including meaningful tax relief. RMD Waiver The bill provides a temporary waiver of required minimum distribution rules for certain defined […]
Why It’s Never Too Soon for Estate Planning
It can be tough to resist the urge to procrastinate sometimes, but getting important tasks out of the way early on can feel great. Retirement planning and estate planning can both happen at just about any point in life, so why wait? Keep reading to find out why it’s never too soon for estate planning. […]
Tips for Choosing the Executor of Your Estate
Your will won’t carry itself out once you have passed away, which is why you need to choose an executor. You should know what the responsibilities of this position entail, whether you should name one or more executors, and who to choose in case the people you delegate are not interested. Read ahead for tips […]
When Should You Begin Estate Planning?
Estate planning is the process of arranging for the disposal or inheritance of your property and assets after your death. While estate planning is most often associated with older individuals, this process is beneficial for anyone who wishes to specify how their assets will be handled in the future, regardless of the value of those […]
Different Types of Trusts
A trust is a financial agreement that transfers assets into the care of a third party. Trusts are frequently used to reduce the size of an individual’s estate and lower the amount of taxes owed in the event of their death. Your financial planner can help you set up a trust that will ensure your […]
Estate Planning and Your Retirement
Estate planning is the process of determining your preferences for property and asset distribution after your death. Regardless of your age, developing a plan for your physical property and financial assets will ensure that your wishes will be followed in the future, including the distribution of funds that are currently part of your retirement accounts. […]
