Theres an old saying which says that the best time to invest was yesterday, and the second best time is now. And that couldnt be more true!. Let’s be real – every parent secretly hopes their kid will grow up to be financially secure But a millionaire? That feels like a pipe dream for most … Read more
In a relay race, any runner will tell you that handoffs are the difference between winning and losing. If you can’t move the baton smoothly from one person to the next, you don’t stand a chance—no matter how fast you are!. When it comes to building wealth, you have your own handoff to manage. You … Read more
Losing a loved one is never easy, and dealing with the legalities that follow can add to the stress. One common question that arises is whether you can empty a house before probate is completed. Most of the time, the short answer is no, because probate laws say that the estate’s assets must stay in … Read more
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