Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Grandchildren & Beneficiaries

Found 63 Articles.
Get access to 118 articles by subscribing to Retirement Watch and Retirement Watch Spotlight Series.

financial-advice-for-young-adults

First Financial Steps for Young Adults

November 1, 2007

Most young people enter the work force with quite a bit of debt. Even those without debt have ambitions for cars, homes, clothes, and other things. The issue for most young adults is how to sort out their spending and saving goals. Should they pay debt first? Save for the down payment on a home? […]

building-the-legacy-plan

Building the Legacy Plan

December 1, 2006

What is your legacy plan? Most people are familiar with estate plans. The goals of the estate plan are to ensure that assets are transferred to the people you want in the most efficient manner, that is with the smallest burden in taxes and other expenses. The standard estate plan includes a will, a financial […]

protecting-wealth-given-as-gift

Give Wealth and Still Protect It

February 1, 2006

Many people know why making gifts is part of most estate plans. Yet, they hesitate to make the gifts, because they see potential pitfalls. They fear that the gifts might be spent unwisely or wasted. The donee could squander the assets on gambling, substance abuse, or other activities. Or the wealth could be well-managed for […]

is-a-perpetual-trust-for-you

Is a Perpetual Trust for You?

October 1, 2005

Recent laws are making it easier to use dynasty trusts to make wealth last for multiple generations. Not too long ago creating a dynasty trust that lasted for generations was difficult. Those of us who took Estate & Trusts in law school tried to learn the intricacies of something called the Law Against Perpetuities, complex […]

The 6 Biggest Risks to your Retirement

What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up with. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here for free access.

how-to-leave-a-legacy

How to Leave a Legacy

October 1, 2005

In our past discussions of estate planning, I often have emphasized that estate planning is the process of building a legacy. When people think estate planning is about money, property, and death, they tend to ignore the process. When they realize it is about values and other elements of building and living a legacy, they […]

iras-for-grandkids

IRAs for Grandkids

September 1, 2005

Grandparents can give a big boost to the finances of their grandchildren who earned money from summer jobs. They can help make contributions to a Roth IRA and begin building a tax-free nest egg. A contribution to a Roth IRA can be made by anyone who has earned income and whose adjusted gross income is […]

starter-funds-for-the-grandkids

Starter Funds for the Grandkids

June 1, 2005

Grandparents who want to begin modest accounts to benefit their grandchildren face fewer choices. Many grandparents would like to invest a small amount of money for a grandchild and add a little to it each year. After a couple of decades or more, the grandchild will have a nice sum of money to pay for […]

how-to-help-children-or-grandchildren-buy-a-home

How to Help Children or Grandchildren Buy a Home

February 1, 2005

One of the best gifts is to help an adult child or grandchild buy a home. Unlike cash or investments, a gift related to a home cannot easily be squandered or sold to buy something frivolous. When the child or grandchild is making a significant contribution from his own assets through at least future mortgage […]

Log In

Forgot Password

Search