Retirement Watch Weekly
Best Ways to Help Grandchildren
One of the best tools you can use to help a child or grandchild is a Roth IRA. Created as retirement accounts, you can’t do better for estate planning and transferring wealth. You’ve probably heard the advantages of Roth IRAs. Earnings of the Roth IRA are not taxed, and neither you nor your beneficiary pays […]
How to Profit from Your Old Life Insurance Policy
What should you do with that cash value life insurance policy you no longer need? Many of you have old cash value policies that aren’t doing you any good. Perhaps you bought them years ago when your insurance needs were much higher. Your insurance needs changed, because of increased wealth, divorce, or a spouse’s death. […]
The Benefits of Hiring Your Spouse
The solution to your health insurance problems can be very simple and can give you an IRS-approved tax break. The strategy also can generate several additional tax advantages. This solution, which I have recommended for years, is to hire your spouse to work in your business. As part of the business’s benefit plans, you offer […]
Secrets Of Effective Gift-Giving
To paraphrase Archie Bunker, from a holiday episode of “All In The Family,” the gift-giving season is at our throats again. Gifts are a great estate planning tool, because they get property out of your estate and to your heirs ? and the gifts can avoid taxes. Let’s look at ways to ensure these gifts […]
Best Ways To Pay For Extended Long Term Care
One of the most stressful and difficult financial decisions is planning for possible long term health care expenses. Individuals of all ages struggle over how to provide for the possibility of significant long-term health care costs. Should they buy long-term care insurance? If so, how should they pay for it? Are there other options? Nursing […]
Revealed: Tax-Saving Secrets Of The Rich
Few things indicate wealth, success, and good works like having your own charity. For generations, the super wealthy have had their own charitable foundations. Foundations come with a lot of restrictive rules and are expensive to maintain. Now, innovations make it possible for anyone to have a charitable foundation at very low cost and with […]
Best Variable Annuity Strategies
Investors continue to pour money into variable annuities, many for the wrong reasons. It’s easy to understand why. Variable annuities are complicated. They also pay high commissions, encouraging strong sales efforts. Perhaps that is why about 14% of IRA-owners have all or part of their IRAs in variable annuities. Or why 11% of variable annuities […]
How to Make the Nest Egg Last?
What return or yield do you need to make your nest egg last? How much can you safely withdraw from your retirement fund? Those are the key questions of retirement, because no one wants to run out of money. More people are asking these questions since interest rates settled near their lowest levels in decades […]
