Have you ever stared at your bank account balance and wondered, “Am I keeping too much cash? Not enough?” You’re definitely not alone. With all the economic weirdness lately—stubbornly high inflation, swinging markets, and financial uncertainty—figuring out your cash sweet spot feels more important than ever. This question has been bothering me a lot lately. … Read more
The world of trusts is not one-size-fits-all. What kind of trust you pick should depend on how you want your assets to be managed now and in the future. Terry Ruhe, senior vice president and regional trust manager for U.S. Trust, says, “A trust can help you deal with specific tax issues or protect you … Read more
Being named as a beneficiary in someone’s will, trust, or insurance policy is both an honor and a responsibility. But many people don’t realize they have specific legal rights that protect their interests. I’ve seen countless situations where beneficiaries simply accept whatever information they’re given without questioning – and sometimes that leads to problems. As … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
You’ve saved $300,000 and want to know if you can quit your desk job at age 60. First, let me tell you how proud I am that you’ve saved that much—you’re ahead of a lot of Americans! But is that enough to cover 25 years of retirement? Let’s start by being honest about this question. … Read more
Quick Answer: Absolutely! You can definitely roll your Roth IRA to another Roth IRA without penalties or tax consequences, as long as you complete the rollover correctly. Hey there, fellow retirement savers! I’ve been diving deep into Roth IRA rollovers lately, and lemme tell you – there’s a bunch of confusing info out there. So … Read more
Unfortunately, the answer to this question is yes, an executor can be held liable. If you have an attorney, ensure that they are a qualified probate attorney. It is important for an Independent Executor to know a lot of things in order to do their job well. A qualified attorney will tell you exactly what … Read more
The senior citizen population is large, growing, and by some estimates, hold two-thirds of the individual wealth in the United States. By the year 2050, the number of seniors is projected to be nearly twice as large as it was in 2012. Since many seniors have been able to save up a nest egg for … Read more
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and … Read more
Forget waiting for Social Security and Medicare to kick in. You may be able to retire sooner than you think. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Its possible to retire at 60, even though the average age for retirement is 62. Many Americans … Read more