Estates & Trusts

• Estate Planning

  Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.

• Avoiding Probate

  The probate process can be lengthy and complex. There are strategies you can use to help avoid the probate process.

• Controlling the Distribution

  If you haven’t taken steps already, consider planning now for the distribution of your estate’s assets.

• Paying Estate Taxes

  If you believe your estate will be subject to estate taxes, consider how your heirs will pay the bill.

• Gifting Strategies

  Compare the advantages and disadvantages of different gifting strategies available for planned giving.

Retirement

• SIMPLE IRAs

  The SIMPLE plan may appeal to small business owners as it is easy to set up, administer, and allows for a tax deduction.

• Stretch IRAs

  A “stretch” or “multigenerational” IRA may be a useful approach to extend tax-deferred savings that can benefit your heirs for generations.

• IRA Rollover

  If you leave a job or retire, you should consider your options regarding your employer retirement plan assets.

• Why Purchase Annuities

  Annuities, an insurance-based financial vehicle, can provide many benefits that retirement investors might want.

• Annuity Living Benefits

  Living benefits can help protect variable annuity owners from running out of money in retirement.

• How Much Do I Need to Save?

  Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.

• Planning Options

  There are a variety of retirement planning options that could help meet your needs. Here are some of the most popular.

• Future of Social Security

  Greater demand is being placed on the Social Security system as the baby boom generation has begun to retire.

• Social Security Income

  The Social Security Administration’s retirement estimator gives estimates of your future benefits based on your actual Social Security earnings record.

• Self-Employed Retirement Plans

  Tax-deferred retirement plans for self-employed individuals have higher contribution limits than IRAs.

• Retirement Plan Distributions

  When receiving money accumulated in your employer-sponsored retirement plan, you have two options: lump sum or annuity.

• Traditional IRAs

  If you do not participate in an employer-sponsored retirement plan, you might consider a traditional IRA.

• 401(k) Plans

  401(k) employer-sponsored retirement plans have many benefits, including that the funds accumulate tax-deferred.

• Managing Retirement Plans

  Employer-sponsored retirement plans are more important than ever, but managing the assets can be confusing.

• Save Now or Save Later

  If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.

• Roth IRAs

  Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.

Tax Planning

• Required Minimum Distributions

  Required minimum distribution is the annual amount that must be withdrawn from a qualified retirement plan/account.

• Withdrawing Before Age 59.5

  Tax-deferred retirement account withdrawals before age 59½ generally triggers a 10% federal income tax penalty.

• Tax Deferral

  There can be a substantial benefit to deferring taxes as long as possible.

• Tax-Advantaged Investments

  Many traditional tax-advantaged investment strategies have gone away, but there are still some alternatives.

• Tax Deductions

  Changes to the tax code have left a few key deductions for itemizers, like medical, dental and some business expenses.

• Tax Strategies for Retirement Plans

  Consider a trustee-to-trustee transfer to an IRA versus a lump-sum distribution from a workplace retirement plan.

Investing

• Diversification

  An important element to successful investing is to manage investment risk while maintaining the potential for growth.

• Mutual Funds vs. Stocks

  The difference between purchasing an individual stock versus shares in a mutual fund to potentially earn dividends.

• Mutual Funds

  A mutual fund is a collection of stocks, bonds, and other securities with certain benefits and risks.

• Annuities

  An annuity is a flexible financial vehicle that can help protect against the risk of living a long time because it provides an option for a lifetime income.

• College Savings Plans

  There are several funding methods for a child's college education including mutual funds and Section 529 plans.

• College Investment Options

  Starting to invest early for college and remaining consistent can help investors reach their goals.

• 529 Plans

  529 plans are tax-advantaged college savings plans that generally allow people of any income level to contribute.

Cash Management

• College Financial Aid

  It's important to understand the options, such as financial aid grant programs, when having to pay for college.

Risk Management

• Why Purchase Life Insurance

  If you have a family who relies on your income, it is important to have life insurance protection.

• Term Life Insurance

  Term life insurance differs from permanent forms of life insurance in that it offers temporary protection.

• Insuring Your Future

  To help you choose insurance wisely, determine how much coverage and what kind of policy is best for your situation.

• Long-Term Care Costs

  The odds of needing long-term care increase as you age. Prior planning can help protect you from financial ruin.

• Types of Life Insurance

  When selecting a life insurance policy, examine all your options, as well as the positives and negatives of each type.