An irrevocable trust cant be changed or cancelled unless its beneficiary or a court allows it. Ever wonder who owns that nice beach house or investment portfolio after you put it in an irrevocable trust? The answer might surprise you, and it’s important to know if you’re thinking about using this powerful way to protect … Read more
After decades of stashing away money in your 401(k), you’ve finally reached the finish line – retirement! But now what? That account balance you’ve been building up for years suddenly needs to transform from a growing nest egg into actual income you can live on. If you’re scratching your head about what to do with … Read more
Imagine a retirement where you don’t have to worry about money and can travel the world or drive around the country in a brand-new RV. Even with exclusive access to the same cheat sheets we use to help our clients retire, making your $2 million last in retirement is hard. This question is a common … Read more
Automated Teller Machines have evolved significantly since their introduction in the 1960s. ATMs were first made to give out cash when banks weren’t open. Now, they can do many things, like deposit checks and move money between accounts. Today, there are over 3. 5 million cash machines worldwide that are visited by users on average … Read more
Looking at your bank account and wondering if that $200,000 nest egg is enough to hang up your work boots? You’re not alone! Many Americans are asking the same question as traditional pension plans disappear and retirement costs continue to climb As someone who has spent a lot of time researching ways to retire, I … Read more
Are you wondering what happens to your home after you’re gone? Maybe you’ve heard about trusts but aren’t sure if they’re worth the hassle. Let me tell you – putting your house in a trust could be one of the smartest estate planning moves you’ll ever make. I’ve researched extensively on this topic and what … Read more
A common question I am asked is: What is the difference between having power of attorney and serving as an executor?. The difference is literally life and death. The agent serving under your power of attorney only has power and authority to act during your lifetime. On the other hand, an executor is someone chosen … Read more
Dreaming of Financial Independence? Here’s What $5M Can Do For You Ever stared at your bank account and wondered, “What if there were a few more zeroes there?” Well, if you’re one of the fortunate few eyeing retirement with $5 million in assets, you’re in an enviable position that most Americans can only dream about. … Read more
A backdoor IRA is a legal way for people with high incomes to avoid the limits on Roth IRA contributions based on their income. Do you make too much money to contribute directly to a Roth IRA but still want those sweet tax-free withdrawals in retirement? A backdoor Roth conversion might be your ticket to … Read more
Saving for retirement at a typical retirement age, like 67, can be difficult. Saving for early retirement—with fewer years to earn and invest plus more years of retirement to fund—can be even more challenging. But life is all about choices. Once you’ve made the choice to prioritize early retirement, it all comes down to planning—and … Read more