Showing 50 results of 1262
In this episode, we shine the light on common estate planning mistakes that can derail even the best intentions. We discuss the risks of failing to update beneficiary designations and why relying sole...
In this episode, we cover key tax considerations around wealth transfer. We cover the differences between federal estate tax and state inheritance tax, and explain why the stepped-up basis is such a p...
In this episode, we explore how to pass on your assets smoothly and efficiently—without dragging your loved ones through probate court. You'll learn why probate can be costly and time-consuming,...
In the first part of our series on estate planning, we laid the groundwork for why incapacity planning matters and what documents you need to get started. But there's more to it than just having your ...
Today kicks off a brand-new series on estate planning. Estate planning is one of those things everyone knows they should do—but far too many people put it off, sometimes until it's too late. And...
Cryptocurrency has changed the financial landscape, and that includes estate planning. Unlike traditional assets, crypto presents unique challenges—there's no customer service line to recover lo...
In this episode, we dive into Stephen's fascinating question about estate planning for the far future—trusts designed to preserve wealth for individuals who undergo cryonic preservation. Is this...
A recent Supreme Court decision in Connelly v. United States has sent shockwaves through closely held businesses employing life-insurance-funded redemption-type buy-sell agreements. In this episode, w...
John asks if taking larger IRA withdrawals beyond his RMD to fund his daughter's Roth IRA makes sense as a strategy to reduce future RMDs, lower estate taxes, and pass on tax-free assets. Although thi...
Winning the lottery may be rare, but estate tax mistakes aren't. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate taxes an...
Fear of facing the fact that we all die may be the reason why people hire an attorney to do their estate plan documents but then fail to sign them. It can create a mess....
For those of you who are married which spouse retired first and what was the reason for this? How are the dynamics post-retirement? I will retire before my husband. I've always made less and as I stop...
My wife and I plan to retire at the end of 2028. While we both have good paying jobs now, for most of our adult lives, we've been barely making it - raising children and living paycheck to paycheck. O...
The entrepreneur, real estate investor and motivational speaker tells us why people should never stop working....
From procrastination to AI, these five estate planning pitfalls could mean your heirs are left with bureaucratic hassles — or a reduced inheritance....
Earlier this week a member posted - Let’s examine both sides of the tracks . In order to provide all members of the community an opportunity to view the reply by the Moderator team, we copied it...
Recently, in her Motley Fool article, A Big Reason the Famous 4% Rule May Not Work for Your Retirement, Maurie Backman confirmed what we have been telling our readers for years—you aren’t ...
The list is growing It’s become comical I’ll do that as a project when I retire Anyone else accumulating home improvement projects like crazy? I have everything from the cliché clea...
many people don’t know is that the Social Security Administration doesn’t recognize traditional powers of attorney. An additional step must be taken to complete the plan....
I’m looking for advice or some experience based opinions on my retirement plan. I’m two years out from retirement and at the same time, I would have my mortgage paid off at 60. But instead...
Consider how your housing needs will change, what you'll do with your time, maintaining social connections and keeping mentally and physically fit....
I’m 63, setting up for retirement soon. Last year we sold the big suburban house and rented in a cheaper city. Lowered our COL by half. Not just saving the mortgage and taxes, but also on the we...
It was a beautiful October afternoon. I was driving home after an enjoyable mountain bike ride in the Appalachian Mountains, savoring the cool breeze through the open windows in my […] The post...
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
Everyone should have a will. But should the will or a trust control most of the assets in an estate?...
Homeowners who are considering using home equity in their retirement plan can analyze it like they do their other investments. Here's how....
The IRS just increased the exemption as we enter into a promising tax year for estates and inheritances....
Can you help me think thru this? We just finally paid off $22K in credit card debt and $10K in a student loan. I am 65 and plan to retire at 67 At the same time, we still have $62K in mortgage pricipa...
In 2022, the median sale price for a U.S. single-family home was 5.6x the median household income, which is the ... Read more...
Hi All, This might be a question for r/personalfinance , but it's very finance-in-retirement oriented, so feel it fits here a bit better. Both retired, we live and rent in a VHCOL area. We own a home ...
Hi everyone, A long time lurker. I’m 59, set to inherit 50% of a house valued at $900,000. My sister, who is estranged will be getting the other half. Our mother died about four months ago. I wa...
Your will is the backbone of a strong, adaptable estate plan that ensures what you leave behind goes to your selected beneficiaries. Without a will, state laws determine who gets your assets....
Until this year, we had never owned an actual residential investment property. Here's how we went about finding the (hopefully) perfect spot. The post How We Became Actual Real Estate Investors appear...
When you browse real estate investments, polished marketing can make almost everything look attractive. Glossy photos, confident language, and optimistic ... Read more...
A spendthrift clause in an estate plan can protect an inheritance from a financially irresponsible child's debts and poor decisions....
Aging seniors and those with chronic conditions have been able to rely on Medicare for home health care. Now, the benefit may be at risk, writes Debbie Stabenow....
This home-buying story is one of financial recklessness masquerading as the American Dream. And it's a cautionary tale for trainees. The post Buying a House in Training: A Cautionary Tale That Could&r...
Deciding whether to pay off a mortgage early—or how long to keep one—is ultimately a personal choice. In this post, I’ll share my perspective by drawing on both real-life experience ...
Winning the lottery may be rare, but estate tax mistakes aren’t. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate ta...
Getting married changes a couple's life in more ways than one, so it's a good idea to discuss financial and legal issues like pre-/postnuptial agreements, estate plans and life insurance....
The ‘Great Wealth Transfer’ may not help with high property taxes, soaring homeownership costs, and liquidity issues in 2025....
Physicians exploring ways to diversify their investments may consider alternatives beyond stocks, bonds, and mutual funds. Commercial real estate offers ... Read more...
Housing wealth is a huge part of the American retirement picture. However, many people don't unlock the cash flow benefits of tapping into home equity in retirement....
We ask financial experts for advice....
Since 2022, commercial real estate (CRE) investors have been slogging through a rough downturn. Mortgage rates spiked as inflation ripped higher, cap rates expanded, and asset values fell across the b...
FROM THE ARTICLE. Owning your home loan-free is an impressive feat, but that doesn’t mean it’s always the right move. Should You Pay Off Your Mortgage Before Retirement? By Judy Dutton, AA...
I'm thinking about living in Maine for three months. If you've done something similar, do you have any thoughts to share? I'm single, retired, childless, an introvert. I've been to Maine several times...
Americans consider their digital assets as very valuable but few are caring for these assets in their digital estate planning....
Lately, I’ve been thinking more about estate planning. Part of it is just getting older. Part of it is having young children I want to protect no matter what. And part of it is watching the unse...
Choosing a beneficiary for your 401(k), insurance policy or similar assets is crucial for estate planning. Here is how to do it, and six pitfalls to avoid....