Retiring in the next 5 years? Avoid these financial mistakes
The last few years before retirement can make or break what comes next.
Source: livemint.com
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The last few years before retirement can make or break what comes next.
“My father remarried at the age of 65. He kept his house in the revocable trust where he had control of his assets.”
Rich parents can save on taxes and claim discounts on assets by using family-limited partnerships to transfer wealth to their kids.
The wealthy can dodge estate taxes but keep access to their assets by using spousal lifetime-access trusts. One caveat: don't get divorced.
Experts say some — not all — collectibles and memorabilia have longevity because of their ties to a celebrity or legacy.