If you have been appointed the trustee of a trust, this is a strong vote of confidence in your judgment and trusthworthiness. It is also a major responsibility.
The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
In a good faith attempt to fund your retirement accounts, you could make an excess contribution. The IRS has considered that this may occur. The agency provides guidelines to help you correct the error.
The revisions to the Sanction Guidelines come after both FINRA and the National Adjudicatory Council (NAC) reviewed the current guidelines and expressed concerns over potential undue influence exercised over senior investors or those investors who may not be able to protect their own interests.
It is a common mistake to fail to fund of a trust, which can happen as a result of poor follow through after signing the trust.
It’s essential to be sure that both spouses are comfortable with the finances and how decisions on investing and retirement have been made.
Young and adult children can participate in the gift advice process and can be given the opportunity to serve as the fund adviser after the death, incapacity, or resignation of their parents.
If you are experiencing financial hardship due to the coronavirus pandemic, you may want to consider withdrawing money from your retirement account while you still can. The special exemption allowing early withdrawals without a penalty ends soon.
President Trump signed legislation granting presumptive status for disability benefits to about 90,000 Navy veterans who served in the seas around Vietnam during the war.
My mother and father had retirement funds. My father passed and it went to my mother. My mother got remarried and she had a will when she died. My stepfather is to get what they agreed upon. She never made him the beneficiary of that retirement fund that was between my mother and father., However, when I asked to see the amount of this fund, the executor would not produce it. How can we find out the amount?
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