5 Sneaky Ways the Government Takes Retirees’ Money
Federal and state governments quietly lay claim to your cash in ways you might not expect.
Federal and state governments quietly lay claim to your cash in ways you might not expect.
Is an annuity a good investment? This is a surprisingly hard question to answer.
If you have ever met with a financial advisor about investments, chances are he or she may have proposed annuities as a good way for you to go. However, when you scan the blogosphere for posts about investing, you hardly ever read about annuities. You read about index funds, mutual funds, stocks and real estate and now and then about bonds ⦠but hardly ever anything about annuities.</
Estate planning matters if youâre hoping to preserve as much of your wealth and assets as possible for future generations. One of the biggest challenges is finding ways to minimize your tax liability, as taxes can shrink the value of ⦠Continue reading â
The post The Basics of Estate Tax Planning appeared first on SmartAsset Blog.
Revocable trusts, otherwise known as âliving trusts,â do not protect your assets from creditors. In fact, they are subject to collections actions and lawsuits, and they are included when third parties evaluate your personal assets. Weâll discuss how it works. ⦠Continue reading â
The post Do Revocable Trusts Protect Assets From Creditors? appeared first on SmartAsset Blog.
Part of planning for the future involves getting your estate in order, and determining who you want your assets to pass to when you die. If you have real estate property, and want it to transfer to loved ones without passing ⦠Continue reading â
The post How a Transfer on Death Deed Works appeared first on SmartAsset Blog.
When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes ⦠Continue reading â
The post What Is a Bequest, and How Does It Work? appeared first on SmartAsset Blog.
If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, youâll need to follow their will (if they left one) or potentially go to ⦠Continue reading â
The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.
If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, youâll need to follow their will (if they left one) or potentially go to ⦠Continue reading â
The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.
After losing a loved one, responsibilities can quickly pile up during a time when youâd like to focus on grieving. Unfortunately, taxes donât disappear when someone passes. If youâre the executor of your loved oneâs estate, youâll be responsible for ⦠Continue reading â
The post When Is an Estate Tax Return Required? appeared first on SmartAsset Blog.