What To Do If Your Data Has Been Breached
It feels like we are notified weekly that our data has been breached by one source or another. Most recently, according to a class action lawsuit, National Public Data –…
Be Prepared to Take Beneficiary IRA Distributions in 2023
In 2019, The SECURE Act changed the rules concerning the distributions from pre-tax Individual Retirement Accounts (IRAs) inherited through beneficiary designation (a so-called “Beneficiary IRA”). As with many such changes…
Per Stirpes or Pro Rata? You probably want Per Stirpes
Periodically checking and updating beneficiary designations on retirement accounts and life insurance is prudent. The next time you navigate the online portal or the old school paper form to write…
Remove Beneficiary Designations on Non-Retirement Accounts
Non-retirement investment accounts are often set up with wealth management firms. When the account is set up, there is an option to put a beneficiary designation on the account and…
Give the Gift of Appreciated Stock
With the holiday season upon us and tidings of good cheer in the air, our collective instincts for generosity often peak. It’s worth considering perhaps a better way to give…
Beneficiary Designations (Retirement Accounts and Insurance)
One of the biggest areas that is often overlooked in an estate plan are the seemingly innocuous beneficiary designations tied to assets like retirement accounts and life insurance. The beneficiary…
What to Keep, What to Shred
At least once each year you should sort through the clutter of your financial records. Here are some tips to help you decide which ones should stay and which ones…
