In today’s litigation-happy world, protecting your hard-earned assets has never been more important. With over 1.3 million attorneys in the United States (making it the most litigious country on the planet), the threat of lawsuits lurks around every corner. One question I frequently hear from clients is “Does a trust protect from lawsuit?” The short … Read more
People who save money in individual retirement accounts (IRAs) are more likely to stick with their plans and not take money out before they turn 59½. When you make a withdrawal before May 29, 2010, you will be charged a 10% penalty tax by the Internal Revenue Service (IRS), on top of any regular tax … Read more
If you have significant retirement savings to provide for a comfortable retirement, you may have an above-average budget and plenty of choices for where to spend your golden years. And if youre interested in finding the best places to retire at $8,000 per month, you have countless options from coast to coast. When you understand … Read more
Far from being at a stage where their mortgage is cleared, their children independent and they can reap the rewards of an established career, many over 50’s in Ireland are, instead, under significant financial pressure. Mortgage and debt payments have become more expensive than ever because of rising interest rates. For example, many homeowners in … Read more
No one wants to think about what will happen after they die, let’s be honest. However, if you own things (which we all do), you should likely pay attention to something called “probate.” It’s a word that makes people who plan estates grimace and people who are heirs groan. What is probate, though, and why … Read more
So you’ve hit the big 6-0 and you’re eyeing that Traditional IRA you’ve been faithfully feeding for decades. Maybe you’re planning retirement, facing unexpected expenses, or just curious about your options. Whatever your reason, understanding what happens when you tap into your Traditional IRA at age 60 is crucial to making smart money moves. I’ve … Read more
Discover the pros and cons of of using your pension tax-free lump sum to pay off your mortgage. Although interest rates have come down from the peaks seen a couple of years ago, they’re still significantly higher than previous lows. 1 With this in mind, using your pension tax-free lump sum to pay off your … Read more
The age-old debate of property vs pensions has been raging for decades, with both sides having passionate advocates. But what’s the real answer in 2025? Is bricks and mortar still the golden ticket to retirement bliss, or have pensions quietly taken the crown? I’ve been digging into this question for years, and what I’m finding … Read more
Are you wondering if you can turn your future pension payments into cash right away? Maybe you’re having money problems or just need a big lump sum for a big purchase. It’s not as simple as you might think to answer “can I sell my pension?” Let’s go over everything you need to know about … Read more
Giving your kids any money you have left in your pension pot can be a good idea, but you need to know how the system works first. I’ve done a lot of research on this question, and the good news is that, in most cases, you can leave your hard-earned pension to your daughter. But, … Read more