Archive for the ‘Financial Planning’ Category

Archive for the ‘Financial Planning’ Category

When Can I Withdraw Money from My Tax-Deferred Investments

September 22nd, 2016

If you have made tax-deferred investments, you probably know that you can’t withdraw money from that account before the age of 59½. Doing so will trigger a 10% federal income tax penalty, where all the distributions are subjected to ordinary income tax. However, there are certain situations which allow you to avoid this tax penalty […]

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Posted in: Financial Planning,

How to Discuss Estate Planning for Aging Parents

August 24th, 2016

We have been through numerous awkward and uncomfortable discussions with our parents while growing up, ranging from studies, love interests and career. As an adult, you will find yourself amidst another tricky discussion; this time however, it will be about securing your aging parents’ interests, assets and ensuring that they are financially stable through their […]

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Probate an Estate: How Does It Work?

July 5th, 2016

While deciding to probate an estate is the last thing on the mind of someone who just lost a loved one, it nonetheless needs to be done in order to settle the estate and pass on the property and title to deserving beneficiaries. How it works is that someone close to the deceased individual or […]

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Posted in: Estate Planning,

How Does Moving Impact My Estate Plan and Will?

June 7th, 2016

Making a will and estate plan is not something you do every day so usually people make sure that there is nothing that they leave out and no corrections need to be made. Thus, the question arises: does moving from one home to another require you to make changes to your will and other estate […]

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The People Involved In Estate Planning and Their Roles

May 11th, 2016

While you may think that you do not need it, but preparing your will and establishing a legal trust is always a smart thing to do. It’s necessary to look into the process of legalizing your estate planning if you do not want your life’s earnings and estate to crumble afterwards. While estate planning can […]

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