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. “A trust can help you navigate specific tax concerns or creditor protection, ensure your wealth supports your family, or leave a legacy for a charitable cause … Read more
It can be hard to figure out if you need to report your Roth IRA on your taxes. You’re not the only one. The connection between Roth IRAs and taxes can be tricky, especially since these retirement accounts are known for their tax benefits. At our tax firm, we’ve helped hundreds of clients with this … Read more
Are you not sure if stocks should be in your Roth IRA? You’re not the only one. This is a question that almost everyone who is starting to retire has, and I’m here to help you figure it out. After doing a lot of research and talking to financial experts, I can say that stocks … Read more
Turning Your Windfall Into Lasting Wealth So you’ve just received a $200000 inheritance. First off, congrats! It’s a bittersweet moment – you’ve lost someone dear but they’ve given you an opportunity to transform your financial future. The question now is what should you do with this money? I’ve helped many clients navigate this exact situation, … Read more
While initially designed as simply a way to save money for retirement, many people wonder if they can use superannuation to help them buy property. Are you dreaming of expanding your property portfolio but finding yourself short on cash for a deposit? If you’ve been diligently contributing to your super for years you might be … Read more
There are probably more than one retirement account for you if you’ve had more than one job over the years. If so, it may be in your best interest to combine your accounts into one. Here’s why. Ever find yourself drowning in a sea of retirement paperwork? You’re not alone. As we hop between jobs … Read more
It’s possible to have an IRA savings-type account, an IRA investment-type account or both. Here are the benefits of each. Let’s face it – we all want our retirement savings to be safe as houses But when it comes to Individual Retirement Accounts (IRAs), many folks wonder is there actually risk involved? The short answer … Read more
Want to know how Uncle Sam keeps track of your retirement savings? If you’ve been putting money into a Roth IRA and wondering, “Does the IRS really know about this?” you’re not the only one. A lot of people ask this question because Roth contributions don’t show up on your tax return like traditional IRA … Read more
Ever wondered why some of your stuff doesn’t have to go through that dreaded probate process when you pass away? You’re not alone! At our estate planning firm we’ve seen countless clients confused about what assets are excluded from their estate. This confusion can lead to messy situations for families during an already difficult time. … Read more
On face value the question of ‘what is the average’ is a simple one, the answer is £595 per week (£30,940 p. a. ) for a retired couple and £282 per week (£14,664 p. a. ) for a single retiree as per the most up to date Government Pensioners’ Income figures. But these numbers don’t … Read more