A Will that Meets Your Needs

A Will that Meets Your Needs

A Will that Meets Your Needs A will is a legal document that transfers what you own to your beneficiaries upon your death. It also names an executor to carry out the terms of your will and a guardian for your minor children, if you have any. Your signature and those...
Charitable Remainder Trusts

Charitable Remainder Trusts

Charitable Remainder Trusts Definition A Charitable Remainder Trust normally is used as a strategy for converting highly appreciated assets into income producing assets, without income tax liability. The Charitable Remainder Trust is an irrevocable trust with both...
Deferred Compensation

Deferred Compensation

Deferred Compensation In addition to providing qualified plans to employees, many business owners implement nonqualified alternatives in order to supplement retirement benefits. These selective benefit plans are generally offered to key employees and owners. One...
Qualified Plans

Qualified Plans

QUalified Plans As a business owner, there are several reasons you might want to implement a qualified retirement plan for you and your employees. Not the least of which is that qualified plans provide numerous tax advantages. Contributions for all participants are...
Retiring at an Early Age

Retiring at an Early Age

Retiring at an Early Age Historically, most Americans have considered 65 to be their target retirement age. This is likely the result of past Social Security laws which allowed for a full benefit beginning at age 65. However, now most people will not get their full...
Minimum Retirement Plan Distributions

Minimum Retirement Plan Distributions

Minimum Retirement Plan Distributions Most qualified retirement plans offer significant tax benefits for those willing to follow a few IRS specified rules. The government wants to make these plans (401(k)s, Keoghs, SEPs and traditional IRAs) available for specific...