IRAs were created to help people save enough to meet their financial needs in retirement. But often, people die before they’ve completely used up their IRA money.
Category: Estate Planning
58% of Americans Are Making This Huge Retirement Mistake
When most of us start planning for retirement, we think about things like what our living costs will be and how much money we’ll have access to. Many of us, in fact, get so focused on how much we are or aren’t saving that we fail to make one critical move: creating a will or living trust.
You’re Not Prepared for Your Death, And Neither Is Your Family
Most of you haven’t discussed your estate plan with your loved ones, which will only make things harder on everyone later on. Facing down your own mortality and diving into estate planning isn’t pleasant, but your family will be as unprepared for your death as you are if you don’t act.
Do You Know Who Gets Your Assets When You Die?
When most people hear the phrase “estate planning,” they immediately think of a will. However, while a will is often the cornerstone of an estate plan, there are certain types of assets it does not control, including insurance policies, individual retirement accounts, 401 s, and similar retirement accounts.
How a Roth IRA Can Help You Make the Most of Social Security
If you’re earning income by working, and also collecting Social Security, you might be missing out on a valuable strategy that can increase the likelihood of maintaining financial security in retirement. Are you making the most of your Social Security income? If you’re not contributing to a Roth IRA, the answer may be no.