Consider estate planning strategies to minimize the impact of taxes on your estate. Key actions may include document reviews, naming beneficiaries and the use of 529 college savings plans to enhance tax efficiency.
To maximize tax benefits from year-end charitable giving, you may want to use strategies like lumping contributions, making qualified charitable distributions from IRAs, and gifting appreciated assets. Here are some key considerations when planning.
With year-end looming, consider taking action now to determine if annual gifts make sense. Here are some useful strategies to consider for estate planning.
Calculating the age when retirement account owners need to begin taking distributions is key for heirs to understand how to implement the 10-year rule for inherited accounts.
For those looking to efficiently transfer wealth, here are some considerations and strategies when planning for step-up in cost basis.
Potential changes in estate and gift tax laws are causing some individuals to review plans and choose how to pass wealth to beneficiaries.
Without additional resources single households may be more vulnerable to financial shortfalls, making financial planning particularly important.
It is important to review charitable giving plans before year in order to meet deadlines for certain strategies.
As year-end approaches, there are several strategies for investors to consider as they review their tax and estate planning.
This checklist for year-end planning may help advisors identify ways to minimize taxes and other potential benefits.
The SECURE Act 10-year rule set new guidelines for distributing inherited retirement accounts and has impacted retirement planning.