Page 3 - Planning Tips News Today

Do withdrawals from my pre-tax IRA and/or 401(k) accounts made before I turn 73 count toward my RMDs? Or do RMDs start at 73 without regard to prior withdrawals? I'm 70 now and still working and collecting Social Security, but plan to retire in 2024. – Luis Unfortunately, withdrawals from an IRA or 401(k) before […] The post Ask an Advisor: Do IRA Withdrawals Before I Turn 73 Count Toward My RMDs? appeared first on SmartReads by SmartAsset.

Seyfarth Synopsis: This blog considers sexual harassment allegations in the context of the holiday party. To date, no one seems immune from the allegations: celebrities, politicians,...

This blog considers sexual harassment allegations in the context of the holiday party. To date, no one seems immune from the allegations: celebrities…

Here are the steps to estate planning for UHNWIs. Selecting a trustee is a crucial decision in estate planning.

Baby Boomers are expected to hand over more than $70 trillion in assets to their heirs. Many are concerned about making sure that their leftover assets go to the right people and purposes. And they may well be right to worry, according to a new study from Raymond James. Even though 84% of the 1,000 […] The post Report Shows the Importance of Estate Planning for the Wealthy: Are You on Track? appeared first on SmartReads by SmartAsset.

If you qualify to participate in a non-qualified deferred compensation (NQDC) plan, you may want to pay attention closely. These accounts can offer high-earners who have maxed out their traditional retirement savings options an appealing opportunity to set aside a substantial portion of their income and invest it on a tax-deferred basis. In a new […] The post This Little-Known Account Can Help High Earners Accumulate Wealth appeared first on SmartReads by SmartAsset.

5 Estate Planning Tips For Beginners

Fact-Checked by: Arturo Conde | Edited by: Mike Obel General financial advice can apply to many people. But as an individual, there are unique financial challenges that will be specific to you. According to a 2021 Fidelity study about women and investing, almost seven in 10 women feel confident about managing their household budget, but […] The post Retirement Planning Strategies for Single Women appeared first on SmartReads by SmartAsset.

American wealth is becoming increasingly concentrated at the very top of the economic ladder. The top 1% of families hold over a third of the total wealth in the U.S. – up from 27% in 1989 – according to a Congressional Budget Office report from 2022. The bottom half of all households, meanwhile, control just […] The post America’s Top 1% Is Different in Each State: From a $370k to $950K Income appeared first on SmartReads CMS - SmartAsset.

You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. The significant exception to this rule is trusts. You can name a legal minor as the beneficiary … Continue reading → The post Can a Minor Be a Beneficiary? appeared first on SmartAsset Blog.